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Understanding the new Procurement Act 2023: What suppliers need to know - Part 1

VWV

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.

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DLA turns to automation for head-start on incorporating CMMC requirements in contracting

Federal News Network

Federal Monthly Insights — Contract Management 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.”

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Contract Management’s Impact on Procurement Efficiency

The Procurement School

Contract Management 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 contract management and its role in procurement efficiency.

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Aker BP Goes Live with Ivalua to Digitalize Source-to-Contract (S2C) and Supplier Management

ivalua

Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. About Ivalua Ivalua is a leading provider of cloud-based Spend Management software.

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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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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.

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Revisiting Contract Administration Responsibility

The Procurement ClassRoom

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.