The Procurement School

JULY 16, 2024

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.

Efficiency 52

Efficiency Procurement Contract Supplier 52

Select GCR

OCTOBER 29, 2024

HUBZone-certified businesses not only gain eligibility for set-aside contracts but also receive a 10% price evaluation preference in full and open contract competitions. These contracts offer streamlined ordering procedures, saving time and money, and making procurement planning more efficient for federal agencies.

Government 52

Government Government Government Contracts Procurement 52

The Coalition for Government Procurement

JUNE 21, 2024

Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. GSA’s current use of algorithms and pricing data is instructive in this regard.

Transparency 64

Transparency Data Procurement Management 64

Public Contracting Institute

MAY 9, 2024

Special focus on contract pricing). price negotiations and procedures should be used by contracting officers to determine the price reasonableness of modifications offered under a sealed bid contract. Examples of price analysis techniques can be found at FAR 15.404-1(b)(2). FAR 15.400. FAR 15.403-3(c).

Price Negotiation 52

Price Negotiation Negotiation Price Bidding 52

American City & Country

SEPTEMBER 18, 2024

Local governments face issues that range from balancing public safety and individual privacy rights to managing vast amounts of data securely and efficiently. Through that leverage, Cunningham believes that governments can often secure better pricing and terms than they would individually.

Purchasing 110

Purchasing Total Cost of Ownership Government Government 110

Federal News Network

AUGUST 9, 2024

The performance results showed that contract level pricing was better under TDR than under Most Favored Customer (MFC) pricing. Small businesses generated stronger growth under TDR than small businesses under MFC pricing. The PRC is a vestige of the 1980’s MAS program and serves as a significant barrier to entry.

Price 87

Price Transparency Supply Chain Data 87

Federal News Network

OCTOBER 25, 2024

The General Services Acquisition Regulation (GSAR) and the Federal Acquisition Regulation (FAR) set forth the policies and procedures for the evaluation and negotiation of “fair and reasonable” contract level pricing under the Federal Supply Schedule (FSS) program. volume commitments, mandatory use, and limited pool of contracts).

Negotiation 59

Negotiation Price Government Government 59

Great Government Through Technology

JANUARY 14, 2025

This helps improve farm efficiency, allowing farmers to optimize resource allocation (water and fertilizer) based on real-time data on crop health and soil conditions. With such a large pool of vendors, agencies are able to get multiple competitive bids to get the best price for required services.

Competitive Bidding 40

Competitive Bidding Data Integration Integrity 40

Great Government Through Technology

AUGUST 19, 2024

Today, I am excited to discuss the strides we are making under the BCI, particularly Priority 2, which focuses on negotiating common enterprise-wide software licenses. With the help of a Governmentwide Integrated Project Team, the ITVMO builds a list of best-in-class terms and target pricing to pursue via a variety of recommended solutions.

Procurement 52

Procurement IT Government Government 52

Kluwer Arbitration

OCTOBER 15, 2024

For example, due to an increased focus on value with tighter margins, price disputes in LNG projects are becoming more likely and frequent. This contrasts with a more conciliatory approach leading to negotiated outcomes that had previously prevailed in Asia, as discussed further below. ICC, SIAC).

Price 59

Price Negotiation Finance Accountability 59

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. Rules and workflow engines automate this part for you.

Eprocurement 94

Eprocurement E-procurement Supplier Purchasing 94

ivalua

SEPTEMBER 13, 2020

It’s more efficient, both in time and cash-flow, to work through a “Pay by Terms” model where invoices are saved up and paid on the due date. Buying at negotiated prices and within budget. While there are many and varied, the symptoms can be boiled down to “proactive vs. reactive.” Electronic capture of all B2B transactions.

Procurement 81

Procurement E-auction E-procurement Supplier 81

Select GCR

MAY 7, 2024

Securing a contract involves preparing a competitive proposal that meets the solicitation document’s requirements, developing effective pricing strategies that balance competitiveness with profitability, and potentially navigating subcontracting and partnerships. What else can the DSBS do for you?

Government Contracts 98

Government Contracts Government Government Contract 98

The Coalition for Government Procurement

OCTOBER 25, 2024

The General Services Acquisition Regulation (GSAR) and the Federal Acquisition Regulation (FAR) set forth the policies and procedures for the evaluation and negotiation of “fair and reasonable” contract level pricing under the Federal Supply Schedule (FSS) program. volume commitments, mandatory use, and limited pool of contracts).

Negotiation 40

Negotiation Price Government Government 40

ivalua

APRIL 6, 2021

The complete contract lifecycle management process includes a contract request or initiation, authoring, negotiation/redlining and approval stages, execution and signature as well as obligation monitoring, renewals, amendments and expiration. Why is it Important to Manage Contracts?

Management 52

Management Contract Contract Management Supply Chain 52

ivalua

NOVEMBER 10, 2021

OMNIA Partners combines the purchasing power of its members to enable better pricing and service levels from suppliers, increasing an organization’s buying power and accelerating the time to savings. OMNIA Partners brings tremendous category expertise across hundreds of indirect and direct categories.

Purchasing 52

Purchasing Supplier Negotiation Sustainability 52

Federal News Network

FEBRUARY 22, 2024

A lot of companies have trade secrets, have pricing models, have sensitive information on their systems. And it will be much more efficient if we do it that way. Schneider, the former federal CISO, said he believes the rules are the government’s “opening negotiation point” in setting critical cyber requirements for contractors. “I

Professional Services 104

Professional Services Import Data Negotiation 104

Oxford College of Procurement and Supply

JANUARY 14, 2025

More Than Just Price While price is often the most common focus in benchmarking, it is only one piece of the puzzle. Improve operational efficiency Pinpoint process inefficiencies and areas for improvement within the procurement function. Enhances competitiveness Ensures organisations stay ahead in supplier negotiations.

Procurement 52

Procurement Total Cost of Ownership Supplier Cost of Ownership 52

Procureware

MAY 3, 2018

Encourage Vendor Innovation Structure the RFP around solving the business problem, rather than solely on the technical specifications or pricing, and you will spur vendors to propose innovative solutions. New processes or technologies are involved and pricing must be established. • There are a limited number of vendors. •

Negotiation 40

Negotiation Bidder Bidding Price 40

Kluwer Arbitration

MARCH 30, 2024

Serra e Moura pointed out, in 1923, the ICC Court was established in Paris by a group of entrepreneurs, aiming to provide clients with an efficient dispute resolution mechanism. This shift creates a more cost-efficient legal department, and ultimately allows more time and energy to be directed at the creative process itself.

Efficiency 52

Efficiency Negotiation Buyers Price 52

ivalua

SEPTEMBER 10, 2019

Too many suppliers in one category may mean it’s time to simplify or negotiate better pricing with fewer vendors. The ability to pay on time suggests procurement has negotiated good terms for the business and that finance runs its part of the payment process effectively.

Supplier 56

Supplier Electronics Negotiation Finance 56

ivalua

NOVEMBER 29, 2021

Poorly utilized preferred suppliers with negotiated pricing. Allow users to s earch across internally hosted supplier catalogs, Amazon Business, and other supplier sites to view and compare the results on a single screen, with real-time pricing and inventory. . Budgeting challenges as tail spend typically often not planned for

Buyers 52

Buyers Supplier Purchasing Procurement Team 52

ivalua

SEPTEMBER 13, 2020

It’s more efficient, both in time and cash-flow, to work through a “Pay by Terms” model where invoices are saved up and paid on the due date. Buying at negotiated prices and within budget. While there are many and varied, the symptoms can be boiled down to “proactive vs. reactive.” Electronic capture of all B2B transactions.

Procurement 59

Procurement E-auction E-procurement Supplier 59

Great Government Through Technology

JULY 25, 2024

As agencies continue transitioning to cloud solutions that make government services more efficient and accessible, simplifying how they pay for these solutions may seem a minor detail, but it is critical and it’s a big deal. This change provides agencies with more flexibility and control to align task orders to SaaS license needs.

Price 52

Price Influencing Professional Services Negotiation 52

ivalua

JUNE 29, 2021

Today’s supplier payments remain complex and crucially lack transparency and efficiency that strain supplier relationships, increase transactional costs and cause frustration for all those involved. All within the same automated workflow, tightly linked to the invoice and procure-to-pay process. said David Khuat-Duy, CEO of Ivalua.

Supplier 52

Supplier Supply Chain Transparency Finance 52

The Coalition for Government Procurement

AUGUST 9, 2024

The performance results showed that contract level pricing was better under TDR than under Most Favored Customer (MFC) pricing. Small businesses generated stronger growth under TDR than small businesses under MFC pricing. The PRC is a vestige of the 1980’s MAS program and serves as a significant barrier to entry.

Price 45

Price Transparency Supply Chain Evaluation 45

Tracker Intelligence

FEBRUARY 16, 2025

Transparency, equity, and efficient use of public money are all highly valued. Furthermore, private businesses have more flexibility in pursuing informal tendering procedures or direct negotiation with suppliers. It considers not only the bid price but also the quality of the offer, its environmental sustainability, and social worth.

Procurement 52

Procurement Tender Public Procurement Supplier 52

Great Government Through Technology

AUGUST 7, 2024

This flexibility allows agencies to address a wide range of IT needs efficiently and effectively. Additionally, the sole-source capabilities of 8(a) STARS III enable faster acquisitions and provide direct access to small disadvantaged businesses, enhancing efficiency and promoting socio-economic goals.

Innovation 52

Innovation Efficiency Procurement Negotiation 52

ivalua

FEBRUARY 27, 2023

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.

Manufacturing 52

Manufacturing Supply Chain Procurement Supplier 52

Select GCR

MAY 14, 2024

This extensive set of rules ensures purchases are conducted fairly, efficiently, and in accordance with the law to best serve public interests. For instance, FAR includes a provision at 52.203-2, Certificate of Independent Price Determination, which ensures independent bids and prevents collusive pricing in government contracting.

Ethics 52

Ethics Procurement Procurement Contracts Price 52

ivalua

NOVEMBER 3, 2021

Tail suppliers are typically low-volume suppliers, often not under contract and with non-standard pricing. With Ivalua, Ahlsell was able to highly automate and standardize the process of negotiating contracts with several suppliers at the same time, delivering an unparalleled level of efficiency and benefits. “We

Procurement 52

Procurement Retail Supplier Supply Chain 52

ivalua

MARCH 9, 2023

It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. Through its sophisticated series of processes, organizations can unlock efficiencies and maximize profits like never before. What is Source-to-Pay?

Supplier 52

Supplier E-procurement Supply Chain Procurement 52

Tracker Intelligence

FEBRUARY 28, 2024

Customers may select the best offer from submitted tenders based on quality, price, and terms thanks to its transparency, equity, and efficiency of the tender process. It consists of the quoted price, timelines, and method of implementation of the project as stipulated in the tender documents.

Tender 52

Tender Bidding Bidder Competitive Bidding 52

Tracker Intelligence

NOVEMBER 4, 2024

Pre-negotiated terms are provided that reduce the complexity for contracting authorities in procurement whilst allowing suppliers to capture opportunities more efficiently. These agreements define terms, conditions and price for goods and services and allow authorities to procure without having to re-run lengthy tender processes.

Framework Agreement 52

Framework Agreement Procurement Supplier Tender 52

Kluwer Arbitration

JUNE 8, 2024

Stafford highlighted the efficiency of such applications in England and Wales, where there is generally a strict timetable following service of the application on the respondent State. Veit noted that the US’ approach on this issue will shortly be clarified by the Court of Appeal in Washington D.C.

Negotiation 52

Negotiation Import Corruption Demand 52

ivalua

JUNE 1, 2022

Amrest onboards new vendors at competitively-positioned pricing on a regular and consistent basis. With an optimistic opening schedule (150 new locations per year), the team must accurately assess current market challenges, price increases, and delivery lead times. Bridging the visibility and liquidity gaps.

Finance 52

Finance Supply Chain Procurement Supplier 52

ivalua

NOVEMBER 27, 2019

It is just as valid to sign a contract extension with an incumbent supplier as it is to run a full RFP and intensive negotiation process. Considers all of the ways to meet a business need rather than just updating the prices, quantities and terms of the past and carrying them forward.

Strategic Sourcing 45

Strategic Sourcing Supplier Procurement Price 45