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
We just completed two articles on the Truth in Negotiations Act (TINA) [1] and, before that, two articles on Defense Contract Audit Agency (DCAA) audits. 3] TINA defines cost or pricing data to mean all facts that, as of the relevant date, a prudent buyer or seller would reasonably expect to affect price negotiations significantly. [4]
Local governments face issues that range from balancing public safety and individual privacy rights to managing vast amounts of data securely and efficiently. No question, government procurement is different from acquisitions outside the public sector, Cunningham believes. Prioritize stakeholder engagement, including community input.
Author: Larry Berglund As part of the assessment on the ability of a supply chain department to deliver value effectively , is its ability to do so efficiently. To have an objective assessment on efficiency, there should be a set of KPIs or measurement tools to compare. Efficiency metrics examples 1.The per transaction.
Difference Between Procure to Pay and eProcurement. Procure-to-Pay is the sequential process we described earlier. Eprocurement or e-procurement comes from electronic procurement. Cloud-based Procure to Pay platforms are a must-have for any company that wants to become best-class in P2P.
A procure-to-pay solution offers a seamless process from point of order to payment. At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Reduced errors, fraud and risk.
A procure-to-pay solution offers a seamless process from point of order to payment. At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Reduced errors, fraud and risk.
A Guide to Contract Management Tools and Processes including a guide to the key steps of the Contract Lifecycle Management Process and to the benefits that using Contract Management software can bring to your Procurement processes. Execution of the contract via e-signature makes for a smooth end to the process.
It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. The last phase of the process, also known as Procure-to-Pay includes the ordering of goods/services, receiving of these, invoicing and payment to suppliers.
There are high economic stakes at play in public procurement—which represents around 12% of GDP and over a third of public expenditure in OECD countries , and even higher proportions in other economies. is perhaps particularly intense in this field of GovTech and RegTech. However, this fails to acknowledge important limitations.
A specific application for Procurement involves contract analysis. Applying AI to understanding legal data typically faces two issues: The first is a limited amount of data to train AI algorithms, which usually require millions of data points, as opposed to humans, who are data-efficient, i.e., able to learn from a few examples.
Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Now with Digital Transformation as a mandate, Procurement officers must also find ways to measure their digital progress.
A specific application for Procurement involves contract analysis. Applying AI to understanding legal data typically faces two issues: The first is a limited amount of data to train AI algorithms, which usually require millions of data points, as opposed to humans, who are data-efficient, i.e., able to learn from a few examples.
Learn the ins and outs of maintaining compliance, crafting a competitive bid, and positioning your business for growth through federal opportunities, all through the lens of SAM’s pivotal role in government procurement. To thrive in federal contracting, having an active registration on SAM is non-negotiable.
There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders. Balance Procurement Objectives. Before diving into specifics, I feel it is important to note how the crisis has emphasized the importance of Procurement / Supply Chain leaders having a balanced set of objectives.
In turn, this will lead to more consistent and sound negotiation and administration of MAS contracts. In the past, the regional structure gave rise to differing cultures, negotiation approaches, and interpretations of applicable regulations and solicitation provisions.
If you have ever read an article about Procurement best practices, you know that a very small minority of teams are categorized as leaders and an equally small minority are considered laggards. Procurement must be able to apply the general principals of Strategic Sourcing in a way specific enough to maximize the value of each spend category.
For those companies, like Ivalua ,that develop a software solution for the Procurement Departments of large groups, paying attention to the user experience means ensuring better adoption of our software and, in the end, an increased compliance with procurement policy for our customers. Why is this important? .
The governmentwide day on November 20 will feature expert panels addressing “what’s next” after the election for the future of federal procurement. Join us as we dive into what lies ahead for federal procurement in 2025 and beyond! Market and Procurement Outlook Panel: What’s Next?
The Federal Government’s procurement spend in FY2023 was $765 billion ($470 billion for defense agencies), [106] and most of the procurement spend was discretionary spending. So, given that discretionary spending is more likely to be cut than mandatory spending, procurement spending cuts will be part of any significant budget cuts.
Celebrating a Dedicated Procurement Leader: Wishing Tom Sisti a Happy Retirement! It is with mixed emotions that The Coalition for Government Procurement announces the retirement of Executive Vice President & General Counsel, Tom Sisti. Furthermore, he worked as Procurement Counsel detailed to the U.S.
Announcing the Coalition’s Cyber Side Chat, September 12 The Coalition for Government Procurement is proud to present its first-ever Cybersecurity Symposium: The Cyber Side Chat on September 12! Gain valuable insights from leading government and industry cybersecurity and procurement professionals. To register, click here.
It may seem crass or trivializing to speak of procurement at this time, but we must recognize that the procurement system, and our participation in it, is at the center of our nation’s ability to defend itself, to defend its friends, and to uplift the shared human values of the civilized world. The episode can be found here.
In recent years, the Government has been focused on initiatives that promote efficiency and innovation in contracting. These include: (1) negotiations only with the best suited offeror (i.e., Negotiating with the Apparent Successful Offeror The first bright-line violation concerns the way agencies interact with the best suited offeror.
This procurement will mark a key milestone as we continue to incentivize more production and delivery of clean energy,” said GSA Administrator Robin Carnahan, who also emphasized the role of the government’s buying power in supporting demand for carbon-free electricity. To view the slides from the presentation, click here.
Effective communication between government officials and industry partners is of paramount importance in fostering a thriving procurement landscape. The comments herein do not necessarily reflect the views of The Coalition for Government Procurement. government should be careful in its procurement and use of these tools.
As calendar year 2023 ends, the Coalition is looking ahead to 2024 and the policies, programs, and initiatives that will shape the federal procurement system and the delivery of customer agency mission support. Competition and industrial base are important to the vitality of the procurement system.
The final rule, entitled Improving Consistency Between Procurement and Nonprocurement Procedures on Suspension and Debarment , is based on the recommendations of the Interagency Suspension and Debarment Committee (ISDC). The comments herein do not necessarily reflect the views of The Coalition for Government Procurement.
Congress Releases Compromise $895 Billion FY25 NDAA Meritalk reports that the House of Representatives and Senate published their final negotiated version of the National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2025. billion in spending, falling just below the mandated budget cap set by the Fiscal Responsibility Act (FRA).
This past November, the Trump administration announced that starting in 2021, it would require hospitals to publicly disclose the discounted prices they negotiate with insurance companies as part of a broader push to make healthcare markets more transparent to patients and increase competition. With greater media attention, change is coming.
This past November, the Trump administration announced that starting in 2021, it would require hospitals to publicly disclose the discounted prices they negotiate with insurance companies as part of a broader push to make healthcare markets more transparent to patients and increase competition. With greater media attention, change is coming.
The four priorities of the BCI include: Leveraging Data Across Federal Agencies to Get Lower Prices and Better Terms; Negotiating Common Enterprise-Wide Software Licenses; Saving Money and Avoiding Waste by Getting Contract Requirements Right the First Time; and Getting Better Value from Sole Source and Other High-Risk Contracts.
The Trump administration has issued an executive order entitled Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement. This order, or Consolidation EO, has some guidelines for how procurement will be reorganized under the Trump administration, so it’s useful to go through some of the key language.
The anonymous source further stated that GSA has set up a tiger team to coordinate the project alongside senior procurement executives and chief financial officers. The new dashboard feature allows Authorized Negotiators to see upcoming baseline modifications up to 60 days in advance of the transition date.
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.
98 
Let's personalize your content