Remove Demand Remove Negotiation Remove Procurement Team
article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 105
article thumbnail

Friends not Foes, Supplier Relationships Made to Last

ivalua

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Why is Supplier Information so important?

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

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

American City & Country

Cross-departmental collaboration and scalable solutions are important to maximizing ROI and adapting to changing citizen demands within budget constraints.” No question, government procurement is different from acquisitions outside the public sector, Cunningham believes.

article thumbnail

Top Ten CPO Priorities for 2022

ivalua

While supplier relationships are priority, external factors such as currency, demand, and cost of energy are affecting pricing and supply. Preparing for these future inflationary changes requires strong negotiation capabilities and long-term resilience. . ACT AS A STRATEGIC ADVISOR TO THE BUSINESS . IMPROVE STAKEHOLDER-CENTRICITY .

article thumbnail

Embracing Technology: How Epping, NH Revolutionized Its Purchasing Process

American City & Country

The small team is tasked with managing a wide range of responsibilities, including overseeing the purchasing budget, soliciting and evaluating bids, addressing supplier queries, finalizing purchases, and handling payments. This is a widespread issue across government procurement teams.

article thumbnail

Rome wasn’t Built in a Day, Neither was your Supplier Relationship

ivalua

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Why is Supplier Information so important?

article thumbnail

Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.