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Understanding the new Procurement Act 2023: What suppliers need to know - Part 2

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. In Part 1 of our FAQs for suppliers , we covered key changes to the procurement process and what suppliers can do to get ready for the Procurement Act.

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Ahlsell Digitizes Management of Trading Goods Suppliers with Ivalua

ivalua

Successful deployment of source-to-contract suite increases tail supplier management efficiency and optimizes overall process automation. The project scope included Ivalua’s Source-to-Contract (S2C) capabilities and was delivered on schedule to support Ahlsell’s digital transformation Agenda.

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Preparing for the central digital platform: Key updates, supplier actions, and data protection insights under the Procurement Act

VWV

With the Procurement Act 2023 set to go live on 24 February 2025, the Cabinet Office has been releasing guidance notes to help both contracting authorities and suppliers prepare. Separate guidance for contracting authorities in Wales is expected but has not yet been published at the time of writing.

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GSA is cooking up a new, comprehensive procurement data source

Federal News Network

Given that agencies spend hundreds of billions of dollars on goods and services the more procurement data it has, the better it can understand trends and ‘manage’ procurement. Interview transcript: Charlotte Phelan: Historically, especially if you go back a multitude of years, the contract data would have been on PDF sheets.

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Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

Throughout the evolution of project and public procurement management, terms and expressions in the field have increasingly been used interchangeably. Additionally, the procurement management team may select the procurement method based on the nature or complexity of the requirement. What is a Solicitation Tool?

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Friends not Foes, Supplier Relationships Made to Last

ivalua

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted.

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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.