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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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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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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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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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.

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How the National Procurement Policy Statement Will Help Transform Public Procurement

VWV

The National Procurement Policy Statement this month applies to all contracting authorities who are subject to the procurement rules. Although it applies with immediate effect, it has been introduced to underpin the new procurement regime. What Does the National Procurement Policy Statement Say?

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Navigating the 5 Steps of the Procurement Journey Part 1

The Procurement School

These steps may not apply to every procurement but once completed they will inform the procurement strategy which then leads to development of procurement document. Needs analysis ensures an accurate understanding of the goods / services being procured. which provides a high level procurement overview.