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Effectiveness and Efficiency in Public Procurement: Key Pillars for Optimal Resource Management

The Procurement ClassRoom

Introduction In public procurement , effectiveness and efficiency are crucial for achieving optimal results using public resources judiciously. This discussion delves into the importance of these principles, examining both the goals to be achieved (effectiveness) and the optimal use of resources (efficiency).

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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. How can you create a more efficient supply chain and gain a better understanding of overall performance?

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Ahlsell Digitizes Management of Trading Goods Suppliers with Ivalua

ivalua

Successful deployment of source-to-contract suite increases tail supplier management efficiency and optimizes overall process automation. Ahlsell was looking to optimize the management of large tail-end trading goods suppliers.

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The four key drivers that can enable better IT procurement

Open Contracting Partnership

These frameworks have led to big efficiency wins: the traditional tender procedures take between four months and one year to complete while the framework procedure takes between four and six weeks on average. Access to technical expertise Problem: Lack of specific technical expertise for informed choices within government.

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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.

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Polk County Shaves Hours off Procurement Process for Greater Efficiency

American City & Country

If the department submitting a purchase request didn’t know exactly what they were looking for, or if what they needed couldn’t be purchased easily online, the process for identifying suppliers and waiting for responses was cumbersome and could take up to 3 days, leading to delays and lots of wasted time. It was really time consuming.”

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Contract Management’s Impact on Procurement Efficiency

The Procurement School

The following article discusses the various steps of contract management and its role in procurement efficiency. But first a definition of efficiency. Efficiency involves achieving intended results while minimizing time, resources and effort. It is about doing things optimally or maximizing time and resource use.