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What Lieferkettengesetz Means for Procurement? The German SupplyChain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. For procurement organizations, the German SupplyChain Act presents both challenges and opportunities.
As a procurement professional it is paramount that “we” are aware of the conduct of our suppliers within all tiers of our supplychain. Any supplier within our chain should be performing positively in relation to these areas if they wish to remain on an approved supplier database.
Author: Helen Doucette “Accept the bid from ABC Company” said the VP of Finance to the Director of Procurement. “I The writing was on the wall for the Director of Procurement. Many organizations have written policies and guidelines on Ethics, but is this situation an Ethical or Moral issue? Why not” asked the VP.
When it comes to procurement, having a clear, strategic approach is key to delivering value to your organization. Whether you’re in education, government, nonprofit or the private sector, procurement can be a powerful tool for maximizing savings, streamlining operations, and ensuring compliance.
New procurement rules take effect soon heres what contracting authorities need to know about the National Procurement Policy Statement and latest guidance updates. Particular attention is given to maximising procurement spend with small and medium-sized enterprises (SMEs) and voluntary, community and social enterprises (VCSEs).
Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.
Ethicalprocurement is becoming increasingly important in our ever more complex, interconnected, and global economy. In the past, the main focus for most companies was profit, but more and more companies now understand and value ethicalprocurement. What is EthicalProcurement? What is EthicalProcurement?
While companies have capitalized on globalization over the last few decades, the COVID-19 pandemic exposed a number of weaknesses within supplychain and procurement industries. Avoid the Instability of International SupplyChains. This gives you greater control over the details involved in your supplychain.
P rocurement, a critical component of supplychain management, is transforming, driven by the expertise of certified procurement professionals. Armed with a Public Procurement Certificate , these individuals bring a new level of efficiency and strategic insight to the field.
The past few years have highlighted serious deficiencies in prevalent supplychain strategies and the major risk that disruptions pose to corporate success. years and companies can expect to lose 42% of one year’s EBITDA every decade due to supplychain disruptions. Assessing Risk across the SupplyChain.
The world continues to change and evolve, and supplychains are not excluded from that process. In fact, currently 80% of the carbon footprint comes from the global supplychain. . Now is the time to act, and to engage your supplychain on this important global issue. .
Part of our role as Procurement Professionals should be to ensure that the specifications put to us from suppliers, or those created in-house are (1) fit for purpose and (2) thinking about and reflecting good ESG practice. Ensuring that the ingredients, components and labour are ethically sourced and recycled if possible is important.
Public Procurement: Building Business Cases and Driving Momentum. For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Agile Procurement in Canada. Social Procurement Framework in European Union.
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.
The examples that Musk mentions in the video show that modern supplychains are becoming more global and more complex. These days, procurement organisations cannot afford to ignore leave risk management off their list of top priorities. CSCMP’s SupplyChain Quarterly. Make Risk Management Part of DNA.
As part of Scot Climate Week 2023 , we hear from some members of the Public Procurement Group (PPG) on how their organisations are embedding climate action in their procurement activities. This commitment extends to their procurement and supplychain management, which is a vital part of sector activity.
What makes KPIs so vital to Procurement? Just because the purchase order is placed with the supplier , our work as procurement professionals is not done. At this stage of the procurement cycle (stage 10), our work should be focusing on the management of the contract to ensure that the supplier is delivering as per our expectations.
Nearly a third (32%) of procurement teams concede to cutting corn ers with their sourcing criteria for suppliers to secure supply. 81% of procurement teams feel pressured by executive teams to respond more quickly and effectively to challenges such as inflation, disruptions, and shortages. Redwood, CA, 25 October, 2022.
Supplier diversity programs are something many procurement professionals in the United States (U.S.) have accepted as a key element of procurement. These programs are as familiar to procurement professionals as concepts like spend analysis or category management. Part I: Building Business Cases and Driving Momentum.
The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supplychain resilience and continuity, reduce costs and protect the bottom line.
With the fragmentation and trade in our financial systems and our alliances and our supplychains. I need to do business with people that meet certain standards of ethics and conduct. procurement contract. supplychains. Export control laws. I can’t do business with certain prohibited entities.
Public procurement these days is not just about acquiring goods and public services at low costs. Let us have a closer look at how social value is revolutionising procurement and paving the way for meaningful community impact and environmental benefits. What Is Social Value In Public Procurement?
The pandemic wreaked havoc on businesses and their supplychains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supplychain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.
Suppliers can support company growth as part of the Amrest procurement journey. Creating fuller visibility into supplier risks, Amrest has the power and intel to switch localizations or deliver from different warehouses, creating a stronger supplychain. . Part of the Solution.
Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supplychain management practices. There is a growing trend among consumers for responsible sourcing or ethical sourcing. provide source].
As a seasoned public procurement professional you have likely taken your share of procurement related courses in purchasing and supplychain management. You probably have a procurement certification , or two, and are left wondering where your own professional development can go from here.
Under Pressure, Will Procurement Take Performance Higher in 2023? . Procurement and supplychain teams have been trying to hold the line against macroeconomic and global market forces that have been pushing hard against them for nearly three years. Procurement and supplychain teams are under constant pressure. “Our
The Public Procurement Glossary Public procurement can feel like a maze of unfamiliar terms and endless abbreviations. Thats exactly why this Public procurement glossary existsto make things simple. No fluff, no confusing jargonjust procurement terms and abbreviations explained in a way that actually makes sense.
Like our businesses, they have a supplychain to manage and as such need to be able to pay their suppliers. Suppliers may have new ideas or different approaches to fulfilling the procurement need. Finally, ensure you act ethically and sustainably at all times. Be keen to listen to new ideas and challenge the status quo.
Author: Graham Allen In the second of two parts of “Navigation the Five Steps of the Procurement Journey” we’ll be covering posting, evaluation, award and close out. Step 3 Posting Once the procurement document is developed and approved it is posted online for bidders to respond. The RFx may include a bidder information session.
Public sector procurement relies heavily on framework agreements as a streamlined purchasing tool for goods and services. Pre-negotiated terms are provided that reduce the complexity for contracting authorities in procurement whilst allowing suppliers to capture opportunities more efficiently. What Are Framework Agreements?
The paper will be published in Legal Studies in due course.(*) Public procurement is concerned with the award of contracts for the supply, for pecuniary interest, of goods, services or works to the public sector.
The job of procurement is to ensure performance is as promised, risk is low and business objectives are being met through collaboration. Before the pandemic, leading organizations in every industry established that strong supplier relationships and a reliable supplychain are paramount.
As procurement professionals we spend a lot of time categorising our products, services and suppliers. An attractive account is one that pays on time, communicates well, promotes innovation, builds trust, is ethically aware, forward thinking, environmentally friendly and sustainability focused. Contact us to learn more and enrol today!
35% of respondents are lacking systems to enable effective, scalable collaboration to empower supply-chain partners in support of their CSR strategies and policies. Social and ethical priorities are close behind but still lag. The study also reveals actionable insights for businesses looking to improve CSR results. .
Global sourcing usually attracts procurement professionals and other industry workers due to the perceived saving of money. An unskilled procurement professional would place the order at the lower price thinking they are making the best choice. appeared first on Oxford College of Procurement and Supply.
In a new draft chapter for my monograph , I explore how, within the broader process of public sector digitalisation, and embroiled in the general ‘race for AI’ and ‘race for AI regulation’, public procurement has two roles.
The study, conducted by Coleman Parkes Research, surveyed 300 suppliers across the UK, France, Germany and Switzerland to explore labour standards throughout the supplychain. The responsibility to tackle unethical labour practices extends to the entire supplychain, from buyers all the way to downstream suppliers.
Author: Graham Allen It is often said, “… working in public procurement is akin to being in a fish bowl with the cat watching.” This is an indication of the level of transparency and accountability required by public procurement professionals. Preparation Each procurement is technically a legal case waiting to happen.
Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Ensuring supply continuity requires timely and open sharing of information.
This week, the Coalition for Government Procurement held two important training courses for our members – MAS Basic Training: The Nuts & Bolts and GSA and VA Schedule Contracting Training for In-House Counsel.
I continue exploring the use of public procurement as a tool of digital regulation (or ‘AI regulation by contract’ as shorthand)—ie as a mechanism to promote transparency, explainability, cyber security, ethical and legal compliance leading to trustworthiness, etc in the adoption of digital technologies by the public sector.
These two trainings, which are offered both in-person and virtually, are designed to equip attendees with essential knowledge and tools for navigating the complexities in government procurement. October has featured a busy schedule here at the Coalition, and we are thrilled to conclude the month with these two essential training courses.
Supplychain issues” has become an accepted catch-all term to explain a range of circumstances. The procurement world around us is changing rapidly. For project procurement and delivery, I actively promote collaboration and solution alternatives to challenge the traditional adversarial positioning in capital construction.
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