Remove Goods & Services Remove Negotiation Remove Supply Chain
article thumbnail

What’s the Difference Between Direct vs Indirect Procurement?

ivalua

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. .

article thumbnail

The Key Pillars of Third-Party Risk Management

ivalua

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. Clearly, some of these are more aligned to a product-oriented business versus a services one. Figure 1: Categories of Third – Party Risk.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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? How many vendors supply each commodity? What’s happening industry-wide that may impact the supply chain or pricing? You’re not alone!

article thumbnail

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

ivalua

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. Source-to-Pay is typically broken into two parts – upstream and downstream.

article thumbnail

An In-Depth Examination of Inflation Relief for a Government Contractor

Procurement Notes

For contracts being developed or negotiated during this period of unusually high inflation, an EPA clause may be an appropriate tool to equitably balance the risk of inflation between the Government and contractor. Arguably, a negligent negotiations assertion does not alter the elements of a superior knowledge claim.

article thumbnail

Not to Be Outpaced: NDAA Presents Measures Addressing China

Inside Government Contracts

opposition to granting China “developing nation” status in treaties under negotiation and by international organizations of which the U.S. Indeed, these provisions may be far more disruptive than requirements imposed by prior year NDAA China provisions that contractors have navigated by reassessing supply chains and increasing due diligence.

article thumbnail

Public procurement (entry for an Encyclopaedia)

How to Crack a Nut

Introduction From up close, public procurement law can be seen as the set of mostly procedural rules controlling the way in which the public sector buys goods, services, and works from the market. Public Procurement I. This is an area where EU law has recently generated significant developments.