American City & Country

NOVEMBER 18, 2024

Develop a Strategic Procurement Plan Procurement shouldn’t be reactive; it should be proactive. Start by developing a strategic plan that aligns procurement goals with your organization’s overall objectives. This not only reduces manual labor but also minimizes errors and improves procurement efficiency.

Purchasing 59

Purchasing Procurement Supplier Supply Chain 59

ivalua

FEBRUARY 10, 2023

This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive. Additionally, by researching new suppliers every few months or so, they can ensure they’re always getting the best deal possible on the goods and services they need to sustain their operations.

Price 105

Price Supply Chain Supplier Procurement Team 105

Inter-American Development Bank

OCTOBER 31, 2024

What is Smart Public Procurement? Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. Improved procurement strategies could reduce public debt by as much as 1.8%

Public Procurement 52

Public Procurement Procurement Strategic Planning Balance 52

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. Let’s get started below!

Supplier 52

Supplier E-procurement Supply Chain Procurement 52

ivalua

AUGUST 17, 2021

However, it is important to understand the differences and varying degrees of focus between direct and indirect spend in procurement and sourcing. One thing in common with best in class procurement teams, is that they are turning to Source-to-Pay systems and other digital procurement technologies and this is a competitive advantage.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52

The Procurement School

FEBRUARY 6, 2024

Key Contributions of Certified Procurement Professionals Certified procurement professionals significantly improve supply chain operations. Their training and certification equip them to develop and execute procurement strategies that align with organizational objectives. Ready to leap?

Supply Chain 52

Supply Chain Efficiency Procurement Management 52