Remove Goods & Services Remove Negotiation Remove Purchasing
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Top 10 Foundational Steps To Building A Strong Procurement Strategy

The Procurement School

Author: Liz Busch Do you feel that your organization may not be strategically procuring the goods, services and construction it needs? Look for trends, where the organization is buying similar commodities through independent solicitations or direct awards and entering discrete contracts and purchase orders for each.

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What’s the Difference Between Direct vs Indirect Procurement?

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An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

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what is the difference between public and private sector procurement?

The Procurement School

trade agreements Because the public sector is spending tax dollars, public sector bodies in Canada recognize the importance of acquiring goods, services and construction in a manner that can withstand objective scrutiny.

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Let’s Get Digital: Introducing your Source-to-Pay Guide

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It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services. Purchasing is also where value is captured (i.e.,

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The Benefits of Procure-to-Pay

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A procure-to-pay platform can offer: A single place for goods, services, components, tools and travel. Buying at negotiated prices and within budget. Case Study #1: Leading Information Services provider. Pain-Point: Purchasing compliance and collaboration. Supplier, contract, legal tax and policy compliance.

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The Benefits of Procure-to-Pay

ivalua

A procure-to-pay platform can offer: A single place for goods, services, components, tools and travel. Buying at negotiated prices and within budget. Case Study #1: Leading Information Services provider. Pain-Point: Purchasing compliance and collaboration. Supplier, contract, legal tax and policy compliance.

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The Key Pillars of Third-Party Risk Management

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A view into risk will always lead to improved decision-making–whether it is simply a RFx, contract negotiation, purchase of a good/service, or the processing of an invoice. However, leading procurement organizations leverage risk data to manage decisions proactively rather than constantly reacting to risk.