article thumbnail

GSA is cooking up a new, comprehensive procurement data source

Federal News Network

The government both creates and runs on data. 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. That’s the idea behind a data source effort known as Hi-Def.

Data 96
article thumbnail

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. Supplier information Suppliers will need to act promptly once the platform is live. Economic and financial standing. Connected persons.

professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

How to Benchmark Supplier Diversity Performance

Art of Procurement

The post How to Benchmark Supplier Diversity Performance appeared first on Art of Procurement. If there were a shortlist of core procurement skills, benchmarking would undoubtedly be on it. And yet, for the ease.

Supplier 143
article thumbnail

Friends not Foes, Supplier Relationships Made to Last

ivalua

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. Let’s address why having the right supplier information and supplier relationships is a must. .

article thumbnail

Digging out data to shine a light on public buying in Mongolia

Open Contracting Partnership

Enter Data Club This is where our work at the Mongolian Data Club comes in. We designed a data analysis project to show how public open datasets can be used to uncover important issues and bring public attention to who is supplying what, for how much and whether there are any links between suppliers and high-ranking public officials.

Data 123
article thumbnail

Supplier Diversity Part III: Keeping Pace as an Organization

ivalua

In Part I and Part II of this series, we have investigated the way in which supplier diversity programs have developed over time and which nations are leading the way in the space. The growth of supplier diversity initiatives in these regions (and others) provides unique opportunities and challenges for multinational corporations.

article thumbnail

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. For instance, instead of conducting lengthy RFP processes, your team can access ready-made contracts with industry leading suppliers. ’ and this is the way to get those.”