This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The post The Laws of Supply and Demand Meat at Tyson Foods appeared first on Art of Procurement. In his book, An Inquiry into the Nature and Causes of the Wealth of Nations, Scottish Enlightenment thinker Adam Smith.
In today’s fast-paced and budget-conscious public sector environment, efficient procurement practices are more crucial than ever. Let’s explore what cooperative purchasing entails and delve into the myriad ways it can revolutionize public sector procurement. What is Cooperative Purchasing? Your Peers are Using Cooperatives!
With the responsibility of protecting attendees, crowd control, and maintaining security, procurement teams play a critical role in making sure the staff has everything they need to execute the event. Procurement teams must source reliable security services that can scale up depending on the size and complexity of the event.
However, one critical element often overlooked in these discussions is public procurement. Far from being a mere bureaucratic task, procurement is the mechanism through which governments acquire the infrastructure and technology needed for this transformation.
Watch our latest Procurement on Demand webinar that provides insight into what Social Value in procurement is. The webinar will consider the legal obligations surrounding social value in public procurement, when to consider it and how to measure it. She has worked for the UK MoD and major defence prime contractors.
When it comes to procurement, having a clear, strategic approach is key to delivering value to your organization. Whether you’re in education, government, nonprofit or the private sector, procurement can be a powerful tool for maximizing savings, streamlining operations, and ensuring compliance.
On 13 November 2023, the UK Government published guidance setting out its ambitions for innovation procurement under the new Procurement Act 2023 (not yet in force, of which you can read a summary here). This further expands on the ambitions underpinning the Transforming Public Procurement project that started after Brexit.
The plan heavily focuses on public sector AI adoption and formulates a series of recommendations to boost AI procurement. In this post, I highlight some aspects from a procurement perspective. But doing this well is not easy - it will require real leadership and radical change, especially in procurement. This will require: 34.
Last weeks FAR & Beyond blog launched the Coalitions Government Procurement Efficiency List (GPEL) for the new federal market. The GPEL will identify opportunities to improve the efficiency and effectiveness of the procurement system to deliver cost effective, best value solutions to meet customer agency mission requirements.
A top technology trade group is nudging the leadership of the Senate Homeland Security and Governmental Affairs and the House Oversight and Accountability committees to advance a bill aimed at modernizing the federal procurement process. The FIT Procurement Act, introduced last month by Rep. In a letter sent Monday to Sens.
It’s moving to a category management approach, organizing procurement around the primary categories of spend. In addition, it’s launching a lifecycle management approach to help streamline and standardize procurement workflows. But the missing ingredient for us really, and for any agency, is aggregating the demand signal.
Last weeks FAR & Beyond blog launched the Coalitions Government Procurement Efficiency List (GPEL) for the new federal market. The GPEL will identify opportunities to improve the efficiency and effectiveness of the procurement system to deliver cost effective, best value solutions to meet customer agency mission requirements.
As agencies move into this new era of AI-driven innovation — and original equipment manufacturers position themselves to meet growing demand — technology procurement decisions are taking on greater significance.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
The post All Categorypalooza Sessions Now Available on Demand appeared first on Art of Procurement. If you joined us for Categorypalooza 2022, you helped make it our must successful event ever. We were joined by.
What Lieferkettengesetz Means for Procurement? The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. By Jan-Hendrik Sohn. Fines of up to €8 million .
In a recent webinar hosted by GovSpend Relationship Manager and SLED expert Paige Mockler, procurement professionals were shown how to leverage GovSpend’s public sector intelligence to meet their procurement goals. For those who missed the webinar, the recording is here along with other new and on-demand webinars.
South Korea has been a pioneer of green public procurement (GPP) since 2005 , when the Environment Ministry enacted legislation mandating government agencies to buy “green products” whenever possible. This allows organizations such as the Korea Institute of Procurement (KIP) to analyze the impact of the reforms.
This highlights how sole-source contracts can meet specialized demands that no other vendor can fulfill. Tools like the Advanced Procurement Portal (APP) help you identify opportunities and connect with the right people. Who Qualifies for Sole-Source Contracts?
When the government first started its modern journey toward category management almost exactly a decade ago, the goal was relatively easy to describe, if hard to achieve: Reduce the amount of complexity in the federal procurement system. But the missing ingredient for us, really, and for any agency, is aggregating the demand signal.
In today’s competitive business landscape, consumers demand a continuous cycle of new products and services, and the gap between each launch is shrinking. What’s more, these poor relationships limit the effectiveness of innovation, preventing organisations from keeping pace with end-user demands.
One often untapped source of actionable information is government procurement data. Integrating this data into your export strategy can provide a powerful blueprint for success, offering valuable insights into market trends, demand patterns, and growth opportunities.
But despite this advancement, many organizations still procure resources using methods suited for on-premises data centers, not cloud solutions. To fully harness the cloud’s potential, organizations should shift their mindset and adopt procurement processes that let them successfully evaluate options and choose the best solution.
The key to Zara’s ability to establish an agile Supply Chain rests on the following unique approaches: Procurement Methodology: Zara’s Procurement team doesn’t work on the number of finished clothes but on the quantity of raw materials needed to manufacture the clothes. Zara’s Supply Chain Approach. Spare Capacity.
Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. Data-driven decision-making enables procurement teams to improve performance and align with wider organisational goals including corporate social responsibility and risk management.
At 2018’s Sourcing Outlook we had the honor of having Bonava ’s CPO, Mia Lewis, host a roundtable on starting a completely new Procurement organization from scratch. During the active discussion many points were brought up that I believe can be helpful for any Procurement organization, old or new, that is looking for inspiration in 2019.
We also provide tips for accelerating procurement and maintaining visibility over rapidly implemented workloads. New Mexico scaled to meet demand and gave workers the tools to answer peoples’ questions from their homes. The DHHS team knew a traditional procurement strategy would be too slow to deliver the new system on time.
Watch our latest Procurement on Demand webinar that provides an insight into the important role equality, diversity and inclusion can have within procurement. Equality, diversity and inclusion are not only morally significant but can also provide a competitive advantage when it comes to procurement.
Watch our latest Procurement on Demand webinar that discusses whether globalisation is coming to an end for procurement. About The Trainer Katie Jarvis-Grove has worked in procurement for over 20 years and has experience in industries ranging from manufacturing to education to agriculture.
Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.
Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. Disruptions in global supply chains, labor market shortages, strong consumer demand. View Webinar Replay. Impact from Covid-19 will be massive. What can we expect in 2022?
Watch our latest Procurement on Demand webinar that provides insight into sustainable procurement and how it is not just about being green! Sustainable Procurement is changing how businesses acquire the resources they need and how they make careful choices in ‘greening’ their supply chains.
We’re pleased to welcome a blog from Denis McFadden, Deputy Director, Procurement Services Division to reflect on the procurement role MPIP have played in supporting and enabling the delivery of new Social Security benefits in Scotland. MPIP adapted the procurement documentation to meet the demands of Agile delivery.
Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability. Procurement and other business users will be empowered to make more informed buying and planning decisions with the help of: .
The BPA seeks to address the government’s need for simplified procurement procedures and cost savings regarding cloud solutions and baseline cybersecurity requirements. It allows GSA to develop a solution for federal, state, local, tribal and territorial governments that will make buying cloud less complicated.”
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. Prioritize stakeholder engagement, including community input.
Results: A year after the new procurement law was passed, the public procurement agency (DNCP) is using machine-learning to identify tenders that are most likely to be awarded to smaller businesses. Fewer than 300 MSMEs participate in a procurement market worth almost US$3 billion annually.
Ivalua Spend Management Insights [ivory-search] Source Wisely: Your Top 3 Public Procurement Software Essentials April 17, 2023 | | Public Sector by Jarrod McAdoo Today, state and local governments are tackling top priorities such as legacy modernization, cybersecurity, and cloud computing. Can the software grow with you as your needs change?
Accenture’s recently published “ Is Yours a Procurement Organization of One? provides a bold look into the near future of procurement organizations. This is a mindset shift for procurement teams, but it should not be such a stretch. Digital platforms and technologies, Accenture emphasizes, are no longer just enablers.
Ivalua has announced the findings of a worldwide survey of supply chain, procurement and finance business leaders, on the status of their digital transformations, the obstacles encountered and keys to success. To download the full “The Path to Effective Procurement Transformation” study* please click here. About Ivalua.
The Coalition for Common Sense in Government Procurement (the Coalition) continues to collect recommendations for the Government Procurement Efficiency List (GPEL). A commercial, best-in-class automated ordering platform will provide transparency on the purchasing patterns and demand profile across the VA.
Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.
It should then not be surprising that the possibility that artificial intelligence (AI) could ‘change the rules of the game’ (eg Santiso, 2019 ) and bring procurement corruption to an end is receiving significant attention.
In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content