Remove Contract Management Remove Supplier Remove Sustainability
article thumbnail

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

American City & Country

Your procurement strategy should outline short-term and long-term goals, identify potential risks, and focus on building strong supplier relationships. Leverage Group Purchasing and Cooperative Contracts for Cost Efficiency One of the most effective ways to streamline procurement is by using group/cooperative purchasing contracts.

article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price 105
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

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. This new way of managing contracts can fundamentally change the relationship of parties involved in public procurement.

article thumbnail

Ivalua Recognized as A Leader in Supplier Value Management Platforms, Q1 2022 report

ivalua

Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. In today’s dynamic and uncertain environment, strong supplier relationships are a key competitive advantage. About Ivalua.

article thumbnail

Körber strengthens strategic and operational procurement with Ivalua and OptiBuy

ivalua

For Körber’s supply chain management community, quality, innovative strength, legal certainty, adherence to delivery dates and the sustainability of suppliers and service providers play a decisive role – as does cost. The goal was to increase efficiency across the Group’s Business Areas.

article thumbnail

Helping to address the Climate Emergency through sustainable public procurement

Scottish Government Procurement

Embedding sustainability into procurement can support organisations’ wider economic, social and environmental objectives as set out in relevant policies and/or strategies and can be adapted to reflect the nature of the contract. eLearning is available from the Sustainable Procurement Tools platform.

article thumbnail

Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. This knowledge enables procurement professionals to streamline operations, optimize spending patterns, and improve supplier performance.