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Modernizing Public Infrastructure: The Power of Strategic Procurement

The Procurement ClassRoom

In his article “ The Future of Public Infrastructure is Digital “, Bill Gates envisions a world where infrastructure is smarter, more efficient, and digitally integrated. However, one critical element often overlooked in these discussions is public procurement.

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

ivalua

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. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

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2024 – A year in review with the Public Procurement Group (PPG)

Scottish Government Procurement

In April we published the Annual report on procurement activity in Scotland for 21-22, which highlights how we performed against our Procurement Strategy, how we delivered procurement policy and capability throughout the Scottish public sector. They show that the 16 billion of public procurement spend, we generated 13.8

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The Benefits of AI in Procurement

Oxford College of Procurement and Supply

AI can bring many benefits to procurement teams and their companies. In this post, we take a look at the benefits of using AI in procurement departments. Information AI allows procurement teams to mine huge amounts of complex data. This allows them to be extremely competitive and ultimately boost sales and revenue.

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How to Relieve Labor Shortage Challenges with Vendor Managed Inventory

American City & Country

By: Lawson Products In today’s fast-paced world, efficient procurement is crucial for any entity. As procurement professionals, you are constantly balancing tight budgets, increasing demands, and the need to streamline operations. For agencies facing labor shortages or limited resources, VMI can be a game-changer.

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The Role Of Social Value In Public Procurement: Driving Community Impact

Tracker Intelligence

It involves asking: Beyond the immediate deliverables, how does this procurement positively impact communities? Beyond the Bottom Line: Social value prioritises community well-being over just financial efficiency. These initiatives make it possible for suppliers to implement social value model obligations more efficiently.