Contract Management Procurement Strategies Procurement Team 
ivalua
FEBRUARY 10, 2023
How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.
VWV
JUNE 15, 2021
The UK Government is now able to set its own agenda for public procurement and this is reflected in the policy statement. What Does the National Procurement Policy Statement Say? A good example of this is the greater focus on publication of procurement pipelines with the Procurement Bill likely to include sanctions for non-compliance.
The Procurement School
SEPTEMBER 15, 2023
These steps may not apply to every procurement but once completed they will inform the procurement strategy which then leads to development of procurement document. Needs analysis ensures an accurate understanding of the goods / services being procured.
ivalua
AUGUST 17, 2021
Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.
ivalua
MARCH 9, 2023
Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management). Source-to-Pay is typically broken into two parts – upstream and downstream.
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