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billion multiple-award indefinite-delivery/indefinite-quantity contract to deliver information technology products and services to the Federal Aviation Administration’s Office of Information and Technology Services. Fourteen companies have secured spots on a $2.4
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategicsourcing. Leading manufacturers have proven that best-in-class strategicsourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.
So what does “good” strategicsourcing look like? The primary difference between StrategicSourcing and “good” StrategicSourcing is contextualized flexibility. If Procurement follows a StrategicSourcing process flow like a checklist, then all StrategicSourcing projects will start and end in the same way.
Ivalua, a global leader in spend management , today announced that bol.com, the largest online retailer in the Netherlands and Belgium, has selected Ivalua’s solution to digitalize its indirect Source-to-Contract (S2C) processes. The project has been delivered in partnership with Accenture. Learn more at www.ivalua.com.
Redwood City, CA, 4th October, 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Crelan, a cooperative Belgian bank, has selected its platform to digitize the entire source-to-contract process. The post Crelan Digitizes StrategicSourcing with Ivalua appeared first on Ivalua.
Army sustain and upgrade its command, control, communication, computers, cyber, intelligence, surveillance and reconnaissance hardware systems under a potential $267 million follow-on indefinite-delivery/indefinite-quantity contract.
And while no one would say government purchasing has exactly become simple in the intervening 10 years, category management and best-in-class contracting have done their share of work toward making things better. The increase in the value of best-in-class contracts over the past four years.
Army has started soliciting information from stakeholders to help inform its acquisition approach for the planned Army Contracting Command Enterprise for Sourcing Services procurement program, also known as ACCESS.
Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategicsourcing.
Leidos won a follow-on prime contract to provide the U.S. The Responsive StrategicSourcing for Services indefinite delivery, indefinite quantity task order has a base period of 11 months, and a maximum value of $267 million if all four 1-year options are [.]
The excitement over this potentially $5 billion multiple award indefinite delivery, indefinite quality contract among industry was a high as any opportunity on the street over the last few years. They have cancelled contracts because industry feedback made it clear the government wouldn’t be successful. It is in neither the U.S.
The task order was awarded under the Army's Responsive StrategicSourcing for Services multiple-award indefinite-delivery/indefinite-quantity contract and has a one-year base period with two option years, Parsons said Thursday. Army's command and control applications.
The Marketplace for the Acquisition of Professional Services contract vehicle was formed after the Army’s Program Executive Office Enterprise Information Systems and Army Contracting Command-Aberdeen Proving Ground consolidated the IT Enterprise Solutions 3-Services and Responsive StrategicSourcing
The National Science Foundation seeks to inform industry regarding the upcoming Unified Network for Innovative Technology and Engineering, or UNITE, blanket purchase agreement procurement opportunity and has issued a draft solicitation for the strategicsourcing effort.
The award made under the Responsive StrategicSourcing for Services indefinite-delivery/indefinite-quantity contract supports the Army Combat Capabilities Development Command C5ISR Center’s Research & Technology Integration Directorate, the company said Monday.
Perfect for new staff, or a five-minute refresher, the first issues are available now: Issue 1 – Introduction to Procurement Issue 2 – Importance of Ethical Procurement Issue 3 – Market Research Issue 4 – Solicitation Methods Issue 5 – Contract Evaluation and Award Issue 6 – The Value of Negotiations Issue 7 – Contract Administration Issue 8 – Contract (..)
Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supply chain, this shift is accelerating. Quite often there can be a general lack of spend and vendor management and strategicsourcing activities. Share on Twitter.
Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. Asian Paints conceptualized a technology solution using Ivalua’s Supplier Information Management , Sourcing and Contract Management solutions to streamline the end-to-end contract management and sourcing processes. .
“If you look at the strategicsourcing process, I think it was made for complex categories. That’s one of the. The post [Pod] Adopting a Challenger Attitude in Complex Spend Categories appeared first on Art of Procurement.
in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for StrategicSourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report.
in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” The current offering components scored include spend analytics, eSourcing capabilities, contract life-cycle management, supplier risk and performance management, integration, globalization and references for usability and vendor support. About Ivalua.
There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements. Procurement software offers a one-stop solution that covers the whole range of contract management challenges.
As part of the partnership with Consus, REV has implemented Ivalua, a leading provider of global Spend Management Cloud solutions, to achieve a more focused and faster source-to-contract cycle. Benefits include: Shortened sourcing cycle times. 100% visibility of sourcing processes. Enforcement of procurement compliances.
The project, which was delivered in partnership with Efficio, the leading strategic procurement and supply chain consultancy firm, was focused on STG’s strategicsourcing process as the first stage of a longer term digital transformation. STG is a world leading manufacturer of cigars and traditional pipe tobacco with approx.
Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.
Our customers have seen anywhere between 4-24% cost reduction across a portfolio of initiatives including reduction in procure to pay (P2P) cycle time, increased transparency in the complete procurement life cycle, access to alternate local and global suppliers and effective ways of managing supply chain risks.
This way, if one supplier is impacted by a disruption, you can source goods from another supplier. Flexibility: Another way to reduce risk is to build flexibility into your supply contracts. This way, you’re not locked into long-term contracts with suppliers who may not be able to meet your needs in the event of a disruption.
Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. Demand planning capabilities. It seems that the era of best-in-class supply chain solutions has arrived.
We were excited to provide a forum for the acquisition community to continue the conversation on “What is Fair and Reasonable” when it comes to government market conditions, contract terms, procurement policies, and regulations.
It is either a data input, such as what we gather and use in spend analysis, or it is a process by-product, such as the information we gather from prospective suppliers during strategicsourcing. The same is true for suppliers that are already under contract. How: The Advantages of Having a Single Platform.
He focused initially on sourcing and category management, because that would give the biggest return on investment as the firm moved from contract administration, to tactical sourcing, to true CatMan and strategicsourcing. Simplification of systems and tools was a key part of the programme.
GSA also has increased some of the mobility standards in its Enterprise Infrastructure Solutions contract to allow agencies to procure 5G technologies.
This helps organizations avoid supply disruptions in times of crisis such as during Covid-19, support strategic objectives such as increasing spend with diverse suppliers and improve quality and savings from strategicsourcing, especially for new categories where there is less knowledge of the market.
contract compliance, procurement cycle efficiency). Prescriptive Analytics: Suggests optimal procurement strategies, for example, automating procure-to-pay processes or improving contract management protocols to offer strategic guidance. By identifying potential risks, procurement teams can proactively address vulnerabilities.
Ben is responsible for managing GSA’s Enterprise Wireless Mobility, Commercial SATCOM (COMSATCOM), and Earth Observation Solutions service offerings via multiple government contract solutions to include the Best in Class (BIC) Multiple Award Schedule (MAS) Special Item Numbers (SINs) for Wireless Mobility, COMSATCOM, and Earth Observation services; (..)
TPRM is the process of identifying, analyzing and mitigating risks related to third parties–including suppliers, partners, contracts, service providers, etc). This is precisely where organizations see the benefits of a TPRM program built into or working seamlessly with a StrategicSourcing or Source-to-Pay solution.
To support the company’s strategic objective to better serve its clients and members, Desjardins requires a more efficient and streamlined sourcing and contracting process. Fluxym is also a value-added reseller of the best Source-to-Contract (S2C), Procure-to-Pay (P2P) and Travel & Expense solutions on the market.
The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave™: Source-To-Contract Suites, Q4 2019. It covers spend analysis, sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s StrategicSourcing Application Suites Magic Quadrant.
demand aggregation As one strategy for meeting this obligation, both sectors look for opportunities for volume buying or ‘demand aggregation’ wherever possible and often approach strategicsourcing from a category management perspective. Canadian companies, for their part, now have greater access to EU government contracts.
A form arrived on my desk that required us to list some key contracts – I’m not even sure where it came from, to be honest. Why did these outsiders want to know about our key strategic suppliers? . There is also a strong focus on contract exit provisions. But it seemed a bit of a cheek, really.
Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier. However, it is important to understand the differences and varying degrees of focus between direct and indirect spend in procurement and sourcing.
For example, smaller states have more incentive to work together to increase their buying power, running joint sourcing events, and using co-operative contracts.
The financial interests at stake, the volume of transactions, and the close interaction between public and private sectors in the award of public contracts all pose risks to integrity. Jarrod holds a Masters in Business Administration (MBA) from Duquesne University and a Bachelor of Science degree from Carnegie Mellon University.
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