article thumbnail

Governments need to plan for the entire product lifecycle when they purchase technology today

American City & Country

Consider the total cost of ownership, not just upfront costs. What about cooperative contracts? He offers this purchasing example: “Using cooperative contracts for government IoT technology procurement offers significant benefits in cost savings, efficiency, and risk management.”

article thumbnail

Everyone, including top leaders, need to be on-board when agencies install new technology

American City & Country

According to Witt, governments must also consider the total cost of ownership of the new system. It also includes the supplemental cost of implementation, training, ongoing support and system maintenance.” The firm lists a number of cooperative contracts under the keyword “technology.”

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

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. Total Cost of Ownership, ERP appears to be cheaper, but is it?

article thumbnail

Navy’s journey to new procurement system remains in peril

Federal News Network

The Department of the Navy’s third attempt to modernize its contract writing system and overall electronic procurement system is on shaky ground. The latest iteration of ePS is partly a spin-off of CON-IT, the platform the Air Force has been implementing for Defense contract writing since 2018.

article thumbnail

Evolution of the Status Quo

The Procurement School

Decision-making using Choosing by Advantages (CBA) and that incorporates Total Cost of Ownership (TCO) principals provides customer-centric solutions that pay dividends far beyond initial construction. Written by Chris Sheel Chris has been a practicing public-sector procurement professional for over 25 years.

article thumbnail

Navigating the 5 Steps of the Procurement Journey Part 1

The Procurement School

Areas to consider include objectives, background, scope, constraints, deliverables, timing, approvals, policy and legislative requirements, evaluation criteria and methodology and contract management including KPIs. Part 2 of The Procurement Journey will continue next month covering posting, evaluation and contract award.

article thumbnail

Dispelling the top 8 cloud myths holding back Canadian public sector IT transformation

AWS Public Sector

Myth 2: Cloud costs more Migrating to AWS can significantly reduce the total cost of ownership (TCO) by up to 66 percent for compute, storage, and networking. AWS analyses suggest long-term operational cost savings ranging from 60 to 90 percent after migration.

IT 78