The Procurement ClassRoom

MAY 11, 2024

This discussion delves into the importance of these principles, examining both the goals to be achieved (effectiveness) and the optimal use of resources (efficiency). It aims to achieve best value for money by balancing life-cycle costs and quality to meet user needs beyond just the lowest initial price.

Public Procurement 98

Public Procurement Efficiency Procurement Management 98

The Procurement ClassRoom

JUNE 2, 2024

These documents communicate the intent of the procurement entity to enter into contracts with suppliers, contractors, or consultants for the provision of goods , services , or works. Quality Requirements : They describe the quality and specifications of the goods , services , or works required.

Public Procurement 91

Public Procurement Bidding Procurement Bidder 91

ivalua

DECEMBER 1, 2022

TPRM is the process of identifying, analyzing and mitigating risks related to third parties–including suppliers, partners, contracts, service providers, etc). The main categories of risk are covered in Figure 1 to include supply chain, information security, location, CSR or ESG, financials, regulations, quality and reputation.

Risk Management 52

Risk Management Management Supplier Supply Chain 52

The Procurement School

DECEMBER 19, 2022

When thinking about these questions, consider three different types of vendor relationships: (a) vendors wanting to do business with government; (b) vendors participating in a solicitation process; and (c) contractors providing goods, services or construction to government.

Supply Chain 52

Supply Chain Buyers Budget Quality 52

The Procurement School

SEPTEMBER 15, 2023

Needs analysis ensures an accurate understanding of the goods / services being procured. It is important that key subject matter experts (SMEs) are involved with the planning of the project. Following these steps meticulously can bolster the chances of a robust procurement process with a solid foundation.

Procurement 52

Procurement Bidder Procurement Strategies Evaluation 52

ivalua

APRIL 13, 2021

No wonder no other objective increased in importance more according to Forrester Consulting’s study on restoring growth , with 65% saying it increased. Effectively category management, including assessing and monitoring suppliers and your risk exposure, is not possible without quality data. Extend visibility into sub-tiers.

Supply Chain 52

Supply Chain Procurement Supplier Collaboration 52

ivalua

AUGUST 17, 2021

Capturing Value occurs when a contract has been established that governs the responsibilities and obligations of both supplier and buyer, and well as when the organization has the right Procure-to-Pay processes in place to ensure compliance to those agreements, goods, services and prices. . Direct vs Indirect Procurement.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52