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Procurement strategies shifting to restore growth post-COVID-19, reveals Ivalua research

ivalua

However, the research reveals that many organisations feel their procurement strategies are being hampered by outdated technology: Organisations believe that overly dispersed (72%), unactionable data (70%), and a lack of embedded best practices (70%) are limiting overall value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. Download the full study *.

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Procurement Strategies Shifting to Restore Growth Post-COVID-19, Reveals Ivalua Research

ivalua

However, the research reveals that many organizations feel their procurement strategies are being hampered by outdated technology: . This means using data to find new revenue streams and unlock supplier-led innovation. As organizations transform procurement strategies to focus on growth, they must take a more holistic approach.

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Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

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.

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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

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. Enhance Supplier Relationships Strong relationships with suppliers are the backbone of effective procurement.

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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

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.

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Meeting the Requirements of a Mixed IT Environment

FedInsider

Wednesday, October 18, 2023 | 2:00PM EDT | 1 Hour | Training Certificate Agencies today are faced with the challenge of modernizing legacy IT solutions to streamline workflows and increase the speed and quality of their services.

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The Benefits of AI in Procurement

Oxford College of Procurement and Supply

Quality Improvements By reducing and automating manual tasks, AI helps to ensure consistent standards of quality by limiting the risk of error. AI is capable of improving quality throughout the entire supply chain, from procurement to supplier relations and more.