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3 Ways Procurement Can Help Grow Revenues (Part 2)

ivalua

Ensuring Supply Chain Agility. Analysis by McKinsey found that companies can now expect losses equal to almost 45 percent of one year’s profits over the course of a decade due to supply chain disruptions. For example, supply chains may have to be adjusted to support new company sustainability or other CSR policies.

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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. .

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Guide to Modern Vendor Relationships

The Procurement School

How can government do better in this current world of supply chain issues and labour shortages? Solicitation Processes Once a government buyer has issued a solicitation, they must balance meeting the government’s needs with maintaining the interest of quality vendors. Addresses current supply chain and labour issues.

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Navigating the 5 Steps of the Procurement Journey Part 1

The Procurement School

Needs analysis ensures an accurate understanding of the goods / services being procured. Much has been written about mandatories, but they are to be evaluated on a pass (yes) or fail (no) basis and must relate to the bidders’ ability to provide the requested goods / services.

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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.

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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.

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The Procurement Act 2023’s Kaleidoscopic View of the Public Interest

University of Bristol

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.