Remove Contract Management Remove Procurement Strategies Remove Supplier
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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. 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.

Price 105
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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

Start by developing a strategic plan that aligns procurement goals with your organization’s overall objectives. Your procurement strategy should outline short-term and long-term goals, identify potential risks, and focus on building strong supplier relationships.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. Data-driven decision-making enables procurement teams to improve performance and align with wider organisational goals including corporate social responsibility and risk management.

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Procurement Act 2023: What’s next and why you should act now

VWV

It is likely that there were sighs of relief when on 12 September the Cabinet Office signaled a four-month delay to the introduction of the Act, intended to allow time for a new National Procurement Policy Statement (NPPS) that reflects the Government's priorities. Where are we now?

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Digital Technology Assurance Framework – Procurement insights

Scottish Government Procurement

In our analysis of recommendations from major digital reviews we have found three distinct themes relating to procurement and contract management.

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Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency.

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What’s the Difference Between Direct vs Indirect Procurement?

ivalua

Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier. Monitoring and measuring value is where the procurement organization takes a holistic view of the Source-to-pay process and supplier relationships. What is Direct Procurement?