article thumbnail

Understanding the new Procurement Act 2023: What suppliers need to know - Part 2

VWV

The Procurement Act 2023 (the Act) introduces a range of reforms aimed at simplifying and enhancing transparency in the procurement process, which should be good news for suppliers. In Part 1 of our FAQs for suppliers , we covered key changes to the procurement process and what suppliers can do to get ready for the Procurement Act.

article thumbnail

How to Benchmark Supplier Diversity Performance

Art of Procurement

The post How to Benchmark Supplier Diversity Performance appeared first on Art of Procurement. If there were a shortlist of core procurement skills, benchmarking would undoubtedly be on it. And yet, for the ease.

Supplier 143
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Cooperative Purchasing & How Does it Benefit Public Sector Procurement?

American City & Country

The lead agency conducts the solicitation and RFP process, sets the terms, and awards the contract to a supplier. OMNIA Partners checks suppliers to ensure high quality, providing organizations with many options in various categories. What is Cooperative Purchasing? Your Peers are Using Cooperatives!

article thumbnail

Preparing for the central digital platform: Key updates, supplier actions, and data protection insights under the Procurement Act

VWV

With the Procurement Act 2023 set to go live on 24 February 2025, the Cabinet Office has been releasing guidance notes to help both contracting authorities and suppliers prepare. Supplier information Suppliers will need to act promptly once the platform is live. details of connected persons).

article thumbnail

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

The Procurement ClassRoom

For example, the nature of the market may vary depending on whether the requirement can be sourced from multiple suppliers, a single supplier , or just a few suppliers. From a supplier perspective, this competition may determine whether the procurement process involves full competition , limited competition , or a single source.

article thumbnail

Friends not Foes, Supplier Relationships Made to Last

ivalua

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. Let’s address why having the right supplier information and supplier relationships is a must. .

article thumbnail

Wheelie good procurement: How Mexico City halved costs and improved its bike share scheme

Open Contracting Partnership

The Prebases module now simplifies the administrative tasks of the 90 spending units in Mexico City by strengthening market studies and obtaining direct information from suppliers, experts, and citizens. And it runs at about half the operating costs of the old service. Download our infographic to get all the results at a glance.