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Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategic sourcing.
ERP vs. Best-in-Class for Healthcare SupplyChainManagement? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
Cara Wulf and Philip Lee identify how to ensure that good cybersecurity hygiene flows through a contractor’s supplychain. More information The post SupplyChainManagement and Cybersecurity Updates appeared first on McCarter & English, LLP.
P rocurement, a critical component of supplychainmanagement, is transforming, driven by the expertise of certified procurement professionals. The impact of such training is significant, leading to more streamlined procurement processes and better decision-making in supplychainmanagement.
In recent years, Körber’s global supplychainmanagement network has been intergrated increasingly into all relevant processes – from product development to requirements processing – due to its significant contribution to the company’s success.
New release features AI-powered contractmanagement, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contractmanagement. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture. Procure-to-Pay.
The release includes a broad set of innovations to help organizations better manage their spend and suppliers. The release also adds or deepens integrations with Ivalua’s growing partner ecosystem to improve decision-making and optimize the purchasing experience for users. About Ivalua. Learn more at www.ivalua.com. Media Contact.
You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and managecontracts in one place. Ivalua’s ContractManagement module allows you to easily track milestones and consumption in real time across multiple agreements.
As more public policy objectives make their way into the world of acquisition — supplychain, cybersecurity, sustainability, domestic and socioeconomic sourcing requirements, to name a few — GSA is trying to bake those into acquisition vehicles up front so agencies have an easier time complying. .
In a previous blog we discussed the mounting humanitarian crisis that the Coronavirus, also known as COVID-19, had sparked globally and discussed considerations and steps organizations should take to mitigate the impact from disrupted supplychains.
The Covid-19 pandemic has exposed the fact that many supplychains remain inadequately prepared for a crisis. Supplychainmanagement and procurement sit poised on the frontlines of managing global supply risks for their brands. Gaining a Full Picture of SupplyChain Threats.
The increase is directly correlated to the turbulent market caused by the pandemic, supplychain disruptions, and rapid inflation. When it comes to supply continuity, being proactive about mitigating disruptions is essential, yet many procurement organizations may still lack sufficient resources. Risk Metrics.
Predictive Analytics: Uses advanced data analytics, such as machine learning, to predict future demand, analyze potential supplychain risks, and facilitate informed procurement decisions. Also, proper data analysis can help find potential hazards in the supplychain, sustain continuity, and reduce disruptions.
This professional community knows that solicitations and contractmanagement are going to be digitalized in the coming years, and appreciates our knowledge and experience in the sector. Current President of NPI National Procurement Institute. During an interactive, productive, day-long discussion we covered: 1.
How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supplychain, including the ability to compete in the market, financial performance, and overall strategy. This ensures contracts remain favorable and all stakeholders comply with negotiated terms. Let’s explore further.
That includes quite a range of issues now, ranging from climate change and de-forestation to modern slavery or supporting diversity in our supplychains. Putting a simple clause in your standard contract saying, “no slavery please” does not require anything other than the supplier to say “yes”.
This includes buying office supplies, building roads or hiring services. The contracting authority or government agency sets the rules, picks the best supplier, and ensures everything runs smoothly. It is all a part of supplychainmanagement, making sure the right products and services get to the right place at the right time.
Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contractmanagement and supplier management (which includes supplier information, risk and performance management). ContractManagement: The piece that connects the upstream and the downstream, where value starts being captured.
An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.
Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supplychain challenges. Data builds the bridge between your own internal supplychain visibility and the information you provide to your stakeholders.
Currently, they’re seeing exceptional success in the purchase requisition, purchase order, and invoicing. They’re also ramping up usage in contractmanagement. . There are interesting challenges within the AmRest business model at the supplychain level. One Tool, Many Challenges.
How can government do better in this current world of supplychain issues and labour shortages? Make minor edits to solicitation documents from a previous similar purchase and issue. Start with the solicitation template, using the previous solicitation and contract as references only.
Currently, they’re seeing exceptional success in the purchase requisition, purchase order, and invoicing. They’re also ramping up usage in contractmanagement. . There are interesting challenges within the AmRest business model at the supplychain level. One Tool, Many Challenges.
As part of its supplychainmanagement framework, the Government relies on contractors at every tier to “flow down” mandatory FAR and DFARS clauses to their lower tier contractors.
The event is free to attend and aims to attract hundreds of procurement and supplychain professionals to discuss and learn more about the latest industry trends and processes. Blog first published by our friends at Purchase to Pay Network. So what’s “art” got to do with it? Register here for Ivalua NOW Paris.
Once a procurement is awarded it moves to contractmanagement whose primary functions are implementation, compliance and issue management. A well written contract is a key enabler of successful contractmanagement as it clearly sets out the expectations of both parties. Fleet and Logistics Category Manager.
Areas to consider include objectives, background, scope, constraints, deliverables, timing, approvals, policy and legislative requirements, evaluation criteria and methodology and contractmanagement including KPIs. Part 2 of The Procurement Journey will continue next month covering posting, evaluation and contract award.
Supplychain issues” has become an accepted catch-all term to explain a range of circumstances. Risk Sharing versus Transfer Traditional ContractManagement and Project Delivery methods in Public Sector often transfer risks down the chain away from the Owner to the General Contractor, and so on, down the line to Sub-Contractors.
As a seasoned public procurement professional you have likely taken your share of procurement related courses in purchasing and supplychainmanagement. Obtaining a procurement certification or a purchasing certificate can be a wise decision for those aspiring to excel in public procurement.
Once the Procurement Journey is completed the procurement is passed to the contractmanager for execution. Obtaining a procurement certification or a purchasing certificate can be a wise decision for those aspiring to excel in public procurement. Fleet and Logistics Category Manager.
16 The Coalition’s Cloud Working Group will be hosting a members-only meeting with Joel Lundy , Director, Office of IT Products at GSA’s Information Technology Category (ITC) (pending agency approval) on February 16 at 10:00 AM (ET) to discuss the draft ASCEND Blanket Purchase Agreement (BPA). To register for the meeting, click here.
Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage. Alex Saric, CMO, Ivalua. In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement.
On February 28, again at Miller & Chevalier Chartered, we will hold our GSA and VA Schedule Contracting Training for In-House Counsel course. This course is designed for lawyers and contractmanagers with significant contractmanagement and compliance responsibilities with GSA and/or VA Schedule contracts.
It also breaks down the long-standing regional contracting structure that supported the MAS program. 1 to implement supplychain security practices when buying information and communications technology (ICT) products and services. government should be careful in its procurement and use of these tools.
GAO Dismisses Protests for GSA’s Polaris Vehicle Washington Technology reports that after the Government Accountability Office (GAO) dismissed two protests on February 5, the General Services Administration (GSA) can move forward with making awards for its Polaris contract vehicle. GSA and DoD anticipate purchasing 2.7
There can be various types of services which supplychain consultants can provide. These can range from fairness advisor, staff training, ERP implementations, project-based advice, sourcing strategies, or a suite of services such as offered by a group purchasing organization (GPO).
In addition to understanding the contracting process and regulations, businesses must also be aware of the various resources available to support them in federal contracting. Businesses must also utilize the various resources available to support them in federal contracting.
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