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We have published the Scottish Government’s ProcurementStrategy 2024 to 2028, which sets out how we will use our spend and influence to promote a green, inclusive and just economic recovery. The strategy has been developed to align with, and support delivery of, the Public ProcurementStrategy for Scotland.
Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.
Public procurement will either propel us toward the digital future Gates describes or hold us back with outdated processes and institutional inertia. To succeed, governments must embrace innovation, integrate cutting-edge tools like artificial intelligence (AI) and blockchain, and empower procurement teams to lead the way.
Despite a common misconception about government, state agencies regularly innovate on behalf of their constituents. In this post, we share examples of innovation from New Mexico and North Carolina. We also provide tips for accelerating procurement and maintaining visibility over rapidly implemented workloads.
However, the research reveals that many organisations feel their procurementstrategies are being hampered by outdated technology: Organisations believe that overly dispersed (72%), unactionable data (70%), and a lack of embedded best practices (70%) are limiting overall value from technology solutions.
However, the research reveals that many organizations feel their procurementstrategies are being hampered by outdated technology: . But at many, COVID-19 exposed weaknesses in outdated procurement processes, tools, and data that limited agility and impacted decision-making.” comments David Khuat-Duy, Corporate CEO at Ivalua.
Develop a Strategic Procurement Plan Procurement shouldn’t be reactive; it should be proactive. Start by developing a strategic plan that aligns procurement goals with your organization’s overall objectives. Cooperative purchasing can help you stay agile and strategic in your procurement activities.
In April we published the Annual report on procurement activity in Scotland for 21-22, which highlights how we performed against our ProcurementStrategy, how we delivered procurement policy and capability throughout the Scottish public sector. They show that the 16 billion of public procurement spend, we generated 13.8
Procurement decisions may also be influenced by emergencies, such as the need for the prompt delivery of goods and services to address disasters like earthquakes or hurricanes. The level of competition in the market can also influence the choice of procurement method.
The ProcurementInnovation Lab at the Department of Homeland Security is entering phase three of its lifecycle. This is where the PIL takes everything it has learned over the last several years about changing the culture of procurement and begin applying it at deeper, programmatic level.
She pointed to the command’s early collaboration with the Defense Innovation Unit to procure “Hunt Forward” cyber mission kits using DIU’s prototyping process. CYBERCOM is also leaning on DoD’s Adaptive Acquisition Framework to tailor its procurementstrategies for the cyber domain. We don’t have 10 years to wait.”
Being paid reliably means more risks can be undertaken elsewhere, using your new resources to innovate and expand your offering. When planning your procurementstrategy for the long term, the stability that comes with government contracting can give your business a serious edge. For any business, collaboration begets innovation.
We’ll explore ways that government agencies are using technology to transform how they deliver services impacting the health, safety, and security of their people.
Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | ProcurementStrategy by Sara Omer What is the Saudi Vision 2030 Program? Developing and executing category strategies is critical to effective strategic sourcing.
Crédit Agricole has always been dedicated to delivering greater value to our customers and stakeholders through innovation. Digitization has been an integral part of our procurementstrategy.
Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM). of GDP, according to FISLAC calculations.
One innovative solution called Kiip , powered by Amazon Web Services (AWS), takes a unique approach to this problem by empowering individuals with access and control over their own personal, vital documents. Do you have questions about how AWS can help your government agency provide innovative services for constituents?
Early development work on the re-let has commenced and a Prior Information Note (PIN) will be issued shortly which will include a Request for Information (RFI) to gain views from the market and stakeholders, to inform our ProcurementStrategy.
Jeff Koses , Senior Procurement Executive, GSA John Tenaglia , Principal Director, DPCAP, DoD (confirmed) Karla Smith Jackson , Assistant Administrator for Procurement, NASA GSA Federal Acquisition Service (FAS) Panels: What’s Next? We discuss the first two goals below. Requests for transparent pricing across the AI lifecycle.
Predictive Analytics: Uses advanced data analytics, such as machine learning, to predict future demand, analyze potential supply chain risks, and facilitate informed procurement decisions. Analytics can help organisations to identify opportunities for cost savings, improved contract compliance and better procurementstrategies.
The technology’s inherent characteristics support a more transparent and efficient procurement process, laying the groundwork for significant reforms in public sector procurementstrategies.
Working with SMEs and local businesses enhances their ability to seek tenders, thus fostering inclusiveness and innovation. Evaluation criteria A weighted scoring system, particularly in relation to social value, guarantees that fairness is present alongside a clear prioritisation of desired outcomes in procurement processes.
“Ivalua’s platform uniquely combines industry best practices for both direct and indirect spend, with the flexibility to deliver bespoke capabilities and empower our procurementstrategy to provide Bravida with an additional competitive edge”, said Mattias Johansson, CEO and Group president at Bravida Holding AB.
These awards are a unique opportunity to showcase the Power of Procurement, the innovations, initiatives and achievements of organisations that are leading the way for public procurement in Scotland. Nick Ford, Director of Scottish Procurement and Property said “Congratulations to all of the Finalists!
Her publications are centered on future of Procurement, new technologies impact on Procurement, customer/supplier new innovation models, management of dominant suppliers. She also acts as a consultant for many Management Boards of top leading companies to help them build their procurementstrategies.
March 6, 2023 | | Ivalua NOW by Eloise Barnum 5 Reasons to Attend 2023 Ivalua NOW Paris – Breaking New Ground We are thrilled to invite procurement leaders, innovators, customers, and colleagues to Ivalua NOW Paris. Let’s come together and explore innovative methods to unleash the hidden power of our teams.
As with any industry, the most innovative companies are those who break new ground — and one way they do that is to define new ways of managing procurement that enable efficiencies, optimize spend, and reduce risk. Improve supplier collaboration to accelerate time-to-market and innovation.
Competition in public procurement is not limited to financial competition; it is a key source of innovation and guarantees the fair allocation of public contracts. If not resolved quickly, these issues could lead to higher costs, less innovation and missed opportunities to improve public services.
In April, it was pivotal, we launched the public procurementstrategy for Scotland, setting out a roadmap for the next five years and giving us an ambitious future vision to put public procurement at the heart of a sustainable economy to maximise value for the people of Scotland.
In late 2021, The Hackett Group asked Procurement Leaders about their strategic priorities and initiatives for the coming year. After a rollercoaster 2021, how do we pivot and plan for a successful Procurementstrategy in 2022? . ACCELERATE PROCUREMENT’S DIGITAL TRANSFORMATION . IMPROVE STAKEHOLDER-CENTRICITY .
Jeff Koses , Senior Procurement Executive, GSA (confirmed) John Tenaglia , Principal Director, DPCAP, DoD (confirmed) Julia Wise, Director, Procurement & Grants Policy Division, NASA (confirmed) GSA Federal Acquisition Service (FAS) Panels: What’s Next? We discuss the first two goals below.
Enhanced Security AI helps to make procurement more secure by assisting teams in choosing the best suppliers and, therefore, reducing the risk of late payments and fraud. It can also ensure greater legal protection when utilised to manage procurement contracts.
Artificial Intelligence (AI) systems have become a crucial part of the digital economy driving change, and providing new opportunities supported by technological innovation. Across the board, artificial intelligence plays an important role in helping businesses automate certain aspects of their procurementstrategy.
During the webinar, Ardent Partners highlighted a series of market trends and predictive scenarios for 2022, focusing on massive challenges brought on by the global pandemic that procurement organizations are facing today and present a thoughtful discourse on the road ahead. The US saw a record 4 million resignations in November 2021.
Future Outlook: Advancing the Veteran-Owned Business Agenda The landscape for veteran-owned businesses is fertile with potential for growth and innovation. Continued government backing through programs like VETS 2 places veteran-owned enterprises at the forefront of federal procurement.
So today, many leading Procurement organizations look beyond cost factors to make decisions based on quality, reliability, innovation and social and environmental practices. Source: Sustainable Procurement: DrivingExponential Impact Across theSupply Chain, Procurious .
But despite this advancement, many organizations still procure resources using methods suited for on-premises data centers, not cloud solutions. They are asking for faster horses while innovative organizations are speeding past them in cars. Rationalize applications before procuring to align with strategic needs.
2) Deepening our regional communities Open contracting strategies, tools, and lessons travel best around shared languages and shared priority topics. The single biggest investment from our last strategy was to support local and regional teams to be close to the frontline of procurementinnovation.
Direct vs Indirect Procurement. Naturally, what you actually make and sell to your customers is critical – that is where Direct Procurement plays a critical role in the quality, innovation and profitability of those products. Click here to talk to Ivalua about your Procurementstrategy.
Also included: supplier improvement plans, innovation plans and overall supplier collaboration. The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. Contract Management: The piece that connects the upstream and the downstream, where value starts being captured.
In a recent webinar hosted by Ivalua , Chris Sawchuck, Principal and Global Procurement Advisory Practice Leader from The Hackett Group shared 10 key issues that will have a significant impact on Procurement organizations in 2021. Procurement has a big role to play here.
An attractive account is one that pays on time, communicates well, promotes innovation, builds trust, is ethically aware, forward thinking, environmentally friendly and sustainability focused. A core account from a supplier’s perspective should, ideally, map to a strategic account from the procurement/buyer’s perspective.
As an international leader in procurement, Craig has executed major procurement reforms and brought innovative methods to the organizations he’s worked at, including the City of Lethbridge and the Cayman Islands government. Hungry for more tips, insights, and inspiration you can use to level up your procurementstrategy?
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