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What is Cooperative Purchasing & How Does it Benefit Public Sector Procurement?

American City & Country

The lead agency conducts the solicitation and RFP process, sets the terms, and awards the contract to a supplier. By pooling demand, public sector entities can benefit from bulk buying discounts and negotiated price reductions. It also allows them to access a wider range of products and services at potentially lower costs.

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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

Start by developing a strategic plan that aligns procurement goals with your organization’s overall objectives. Your procurement strategy should outline short-term and long-term goals, identify potential risks, and focus on building strong supplier relationships.

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

ivalua

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.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

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.

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Building More Than Contracts: Two Six Technologies’ Mandy Walter-Beam is Modernizing GovCon for Speed, Strategy and Security

WashngtonExec

I take immense pride in making sure our solutions are not only delivered with precision but with the urgency and responsibility that national security demands. How do these relate to your company’s overall mission/growth strategy? From a procurement perspective, we remain focused on delivering value beyond cost.

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Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

Disruptions in global supply chains, labor market shortages, strong consumer demand. The Criticality of the Supply Chain (and Suppliers). How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? The annual rate of inflation in the United States hit 6.2% What can we expect in 2022?

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When should procurement be outsourced?

The Procurement School

Many smaller public entities have formal associations [1] where they do outsource their procurement needs. Operating supplies and equipment, which are available through a number of suppliers, lend themselves to being under multi-year contracts. Outsourcing deliberations demand a measured business case.