Remove Contract Remove Contract Management Remove Procurement Strategies
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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.

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

ivalua

Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricing contracts. This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive.

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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. Better contracts and processes, for example, could reduce the risk of delays, quality problems or unexpected costs.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Broadly, procurement analytics can be classified into three categories: Descriptive Analytics: Analyzes historical data to understand past procurement performance (e.g. contract compliance, procurement cycle efficiency). By identifying potential risks, procurement teams can proactively address vulnerabilities.

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

VWV

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?

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Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

Efficiency Streamlines processes with smart contracts, reducing bureaucracy and paperwork. Transforming Public Procurement with Blockchain Blockchain’s decentralized ledger technology has the potential to dramatically improve the public procurement process.