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By moving to digital contract lifecycle management and applying artificial intelligence and robotic process automation, federal agencies are indeed making their acquisitions better, faster and smarter. The post Modernizing federal contractmanagement first appeared on Federal News Network.
A long-time federal career procurement executive has a new job. Soraya Correa was chief procurement officer at the Homeland Security Department, among other things, and retired as a member of the Senior Executive Service. We do contractmanagement services, contract closeouts. She’s the CEO of a contractor.
When it comes to procurement, having a clear, strategic approach is key to delivering value to your organization. Whether you’re in education, government, nonprofit or the private sector, procurement can be a powerful tool for maximizing savings, streamlining operations, and ensuring compliance.
Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM). What is Smart Public Procurement?
“A contract lifecycle management platform drives processes for you. The post The Future of Digital ContractManagement appeared first on Art of Procurement. That drives your price down, your risk down, and you get.
The Scorpene submarine affair and the more recent Littoral Combat Ship scandal centered around mismanagement within defence procurement. Among the reform areas identified was the country’s public procurement system.
Federal Monthly Insights - ContractManagement Modernization - 9/24/2024 [link] Download audio The State Department is embarking on a transformation in how it performs acquisition. It’s moving to a category management approach, organizing procurement around the primary categories of spend.
The Department of the Navy’s third attempt to modernize its contract writing system and overall electronic procurement system is on shaky ground. That hubris reared its ugly head most recently in June when the Navy retracted a technical assessment that found shortcomings in the Navy’s electronic procurement system (ePS) program.
How do I get government contracts? Key Takeaways Government contracts offer significant growth opportunities for small businesses, with federal agencies allocating at least 23% of contracting dollars to small businesses annually. Annually, at least 23% of contracting dollars are specifically allocated to small businesses.
Federal Insights - GSA's FAS streamlining - 9/19/24 [link] Download audio In the battle to modernize and streamline federal procurement, the General Services Administration is on the front lines and in the trenches. We generally negotiated those pricing and terms and conditions with our contracting officers.
Federal Monthly Insights — ContractManagement Modernization — 09/10/2024 [link] Download audio Defense contractors aren’t the only ones preparing for the launch of the Cybersecurity Maturity Model Certification 2.0. We’re also leveraging new technology to improve contracting efficiency.”
Author: Liz Busch Planning for a procurement should consider the entire procurement lifecycle, including contractmanagement and close-out. However, it’s difficult to anticipate everything that may occur after the contract is signed – how does one plan for the unpredictable? Consider the contract end.
ContractManagement is often thought to be the last step in the Procurement life cycle but instead it is both the beginning and end of the procurement cycle and it provides a constant feedback loop. The following article discusses the various steps of contractmanagement and its role in procurement efficiency.
Redwood City/Warsaw/ Hamburg – March 17th, 2020 | Ivalua, a leading global provider of procurementmanagement solutions, and OptiBuy, Ivalua’s long-standing implementation partner, announced their selection by Körber to enable a digital procurement transformation.
Public procurement needs to be more transparent, efficient, and accountable to tackle the major social and economic challenges faced by governments across the world. I have had opportunities to support more than 60 countries across the globe in reviewing and advising their e-procurement (e-GP) initiatives.
Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. The May 5 th programme is open to everyone, while the 6 th is limited to current Ivalua customers. .
We are delighted to bring you details of the Scottish Government 19th National Procurement Conference. This one-day event attracts public sector buyers, heads of department and contractmanagers responsible for managing the national public procurement expenditure of £16 billion a year.
This guide explains each step, from finding opportunities and registering in SAM, to crafting a strong bid and increasing your chances of winning contracts. Discover how to navigate the process and secure government contracts for your business. Why Bid on Government Jobs? Why Bid on Government Jobs?
Paris, France – 20 November, 2019 – Ivalua, a global leader in Cloud Spend Management solutions and its key consulting partner Kronos Group have joined forces to successfully deliver Purchase2Pay & ContractManagement at H.Essers, a major logistics service provider. excellence,” adds Benoit Graas, Partner at Kronos Group.
Introduction The procurement legal frameworks, guidelines, and manuals in many countries, especially in developing nations, often lack comprehensive policies and procedures for contract administration. Addressing Neglected Areas The monitoring of contracts for goods and services has been neglected, necessitating practical solutions.
Key Takeaways Prime contractors, central to federal contracts, manage and ensure compliance with government projects, hiring subcontractors and overseeing all aspects from start to finish. Definition of Prime Contractor A prime contractor refers to an entity that receives a government contract to oversee and carry out a project.
A key change in the new Procurement Act is the enhanced transparency regime. The Procurement Act 2023 is due to go-live on 28 October 2024. One of the most significant changes in the new Procurement Act is the transparency regime. Click the image to download the file for future use. Alternatively, you can fill in the form below.
We’re pleased to welcome a blog from Denis McFadden, Deputy Director, Procurement Services Division to reflect on the procurement role MPIP have played in supporting and enabling the delivery of new Social Security benefits in Scotland. MPIP adapted the procurement documentation to meet the demands of Agile delivery.
If you live in a city, state or country, which everybody does, your life and the lives of your family and friends is impacted directly by Procurement. No, I’m not referring to the Procurement department of your company (although, if Ivalua has anything to do about it, there are lots of interesting things happening there too).
The Procurement Act 2023 (the Act) receiving Royal Assent in October of last year was the first step in the long-awaited implementation of the public procurement reforms. There have also been changes to reduce the burden on contracting authorities, including making light touch contracts exempt from the rules around contractmanagement.
The Procurement Act 2023 (the Act) receiving Royal Assent in October of last year was the first step in the long-awaited implementation of the public procurement reforms. There have also been changes to reduce the burden on contracting authorities, including making light touch contracts exempt from the rules around contractmanagement.
With the Procurement Act 2023 now set to come into force on 24 February 2025, contracting authorities have been given an additional four-month extension to prepare. The Ministerial Statement highlighted that the extension aims to facilitate a smoother transition for both contracting authorities and suppliers. Where are we now?
Navigating the public procurement process can be challenging enough then add in Buying Groups, GPO’s or group purchasing organization, collaborative procurement initiatives, purchasing networks, collaborative sourcing partners, they go by so many names. Firstly, what is collaborative procurement?
Our Continuous Improvement team has been cataloguing and analysing the recommendations made from these assurance reviews and want to share the insights from this work to help others to successfully deliver digital projects. Pre-procurement assurance Pre-procurement is a key project stage for major digital project reviews and makes up about a quarter (..)
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.
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.
We are delighted to bring you details of the Scottish Government 18 th National Procurement Conference. This one-day event, which runs alongside Procurex Scotland, attracts over 500 cross sectoral buyers, heads of department and contractmanagers responsible for managing the national public procurement expenditure of £14.5+
LeNaye Willis-Lloyd Senior Vice President of Contract Operations, QinetiQ US LeNaye Willis-Lloyd, an accomplished contracts and procurement executive with 20 years of experience, is known for developing contractsmanagement into a business strategy driver.
A Guide to ContractManagement Tools and Processes including a guide to the key steps of the Contract Lifecycle Management Process and to the benefits that using ContractManagement software can bring to your Procurement processes. An Overview of Contract Lifecycle Management.
Government expenditure through public procurement is essential since it ensures that there are contracts available to be bid in a fair, open, and competitive manner. Having a solid understanding of public procurement principles enables procurement professionals and suppliers to confidently navigate public sector procurement.
In the era of digital transformation, blockchain technology emerges as a beacon of hope for enhancing transparency and integrity in public procurements. By leveraging blockchain’s capabilities, these entities can significantly mitigate corruption risks, streamline operations, and foster a more transparent procurement environment.
The Procurement Act 2023 (the Act) introduces a range of reforms aimed at simplifying and enhancing transparency in the procurement process, which should be good news for suppliers. Part 2 will cover the debarment list; contract award process and what options are available to suppliers if things go wrong.
National survey of state procurement officials finds states are moving toward a more modern approach to buying. The report examines purchasing policies and practices in 29 states, weighing factors such as contractmanagement and effective implementation of technology. WASHINGTON, Aug. Contact: Justine Brown. e.Republic.
Here, an incomplete joint venture agreement and its addendum resulted in a finding of affiliation which resulted in Colt-Sunbelt losing its small business status for the contract at issue. A finding of affiliation will mean the size of the parties will be combined for the procurement. Polk Contract Addendum.”
Current President of NPI National Procurement Institute. Mike recently committed and was not present this time) Including the Negometrix staff, the group combines tremendous hands-on procurement experience with academic insights in e-procurement and digitalization of organizations in general.
All small contractors supporting the federal government, the largest buyer of goods and services globally, face added complexities and barriers to competing for and winning contracts in this market. of the federal government’s overall annual contracting and buying goes to Hispanic-owned businesses.
What does Procurement mean? 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.
Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contractmanagement solution for both authoring or contract repositor. A specific application for Procurement involves contract analysis.
Contract data capture and analysis to improve company-wide contractmanagement. The post Ivalua Announces Broad Range of Artificial Intelligence Capabilities to Transform Procurement appeared first on Ivalua. A broad set of other AI applications to improve automation and access to information.
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