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Modernizing Public Infrastructure: The Power of Strategic Procurement

The Procurement ClassRoom

To succeed, governments must embrace innovation, integrate cutting-edge tools like artificial intelligence (AI) and blockchain, and empower procurement teams to lead the way. Governments worldwide control vast budgets through procurement, giving them the power to: Drive innovation by demanding advanced solutions from vendors.

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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.

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Retail Recovery: 4 Ways Procurement Can Unlock Savings and Add Value

ivalua

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. About half of U.S.

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Who Are the Key Players in Public Procurement?

Tracker Intelligence

Companies wishing to work with public sector organisations must know who the key players in public procurement are. These players administer public contracts, establish procurement regulations, and influence the procurement environment.

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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. We know that issuing a formal purchase order to buy a low-cost item and make a payment through accounts payable is not a good use of resources. Efficiency metrics examples 1.The The costs to manage the P-card program.

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Hitting The Brakes On Out Of Control Supplier Master Data W/ Cyrille Naux

ivalua

While I was at the Ivalua NOW event in Paris, I interviewed Cyrille Naux, Purchasing and Supply Chain Vice-President at Chassis Brakes International, a multinational manufacturer of automotive brakes and brake components.

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5 Tips to Leverage Digital Tools to Deliver Tangible Sustainability Improvements

ivalua

With mounting pressure for organizations to make tangible contributions to Environmental, Social, and Governance (ESG) initiatives, the procurement function must strategize to implement and report their collective efforts. The percentage of purchased goods emissions by suppliers with science-based targets. ESG Objectives for Buyers.