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4 ways IT & Procurement team collaboration increases resilience

ivalua

The Hackett Group study, “ Strengthening the Procurement-IT Partnership Elevating performance and accelerating value ”, July 2020 is one of a series of great reports which seek to provide guidance on what Procurement teams are doing well and on how they can improve. Blending of IT and procurement teams.

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What is Ethical Procurement and Why is it Important?

Oxford College of Procurement and Supply

Ethical procurement requires a company to understand its societal obligations, expectations and social responsibility. Why is Ethical Procurement Important? As such, today’s procurement teams must embed ethics into their processes in addition to the conventional focus on a good ROI.

Ethics 52
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Sole Source Procurement: A Guide to Single-Source Acquisitions

Select GCR

The sole source justification process is rigorous and requires approval from the organization’s procurement services, with steps including the completion and review of a justification form, internal review and approvals, and adherence to transparency and compliance regulations to manage risks effectively.

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Balancing Efficiency and Effectiveness in Procurement

The Procurement School

The latter groups have a strong influence on the priorities to be realized and the time frames for their delivery. Leading private sector organizations use ROSMA to look at the value-add by a procurement team but it has applications for public sector as well. This would be reported as: 2,500,000 / 500,000 = 5X.

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Finding the 2nd Right Answer: The Planning Phase of Procurement

The Procurement School

Author: Larry Berglund The anchoring effect in decisions can be a self-limiting influence. What we did last month to run a competitive process or prepare for a procurement is likely going to be how we approach our next. per m² has a strong influence on any other price we see-higher or lower. The price of carpet @ $10.00

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Procurement Rising – The Time is Now

ivalua

As organizations look beyond the panic and shocks created by Covid-19, procurement leaders must show that they can contribute to restoring growth and supporting a broader list of objectives. The reality is that too few procurement teams have experience here. A core goal of Ivalua’s in 2021 is to help more leaders do so.

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The user experience ensures that procurement policy is followed

ivalua

In this way, we optimise the experience of a user who would like, for instance, to purchase a pair of safety boots from a set of items that are available from catalogues negotiated by the Procurement Department. The two technologies are the top performers for these types of functionalities. . This trend is voice control.