Remove Management Remove Procurement Contracts Remove Supplier
article thumbnail

The UK's AI Opportunities Action Plan -- a procurement view

How to Crack a Nut

Moreover, under current guidance on Intellectual Property Rights (IPR), the preferred option is to leave IPR under supplier ownership where the creation of any New IP created cannot easily be separated from the (Suppliers) Existing IP. Procurement contract terms should set standards (e.g. performance evaluations).

article thumbnail

Contract Data Management With AI

ivalua

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repositor. A specific application for Procurement involves contract analysis.

Data 60
professionals

Sign Up for our Newsletter

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

article thumbnail

Speed, Collaboration and Innovation – Key Words for the New Procurement Decade

ivalua

For the vast majority of organisations, suppliers must play their part when it comes to agile business and speed to market. That requires extraordinary work internally and co-ordination with key suppliers. The related objective for that firm is that no less than 70% of those new products should come from supplier-generated ideas. .

article thumbnail

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). Source: Authors’s elaboration.

article thumbnail

EBA Guidelines – A Call to Action for Banking Sector Procurement?

ivalua

Peter Smith, Managing Director, Procurement Excellence Ltd. The European Banking Authority (EBA) has published new guidelines on outsourcing , a document that has wide-ranging implications for every banking organisation, and requires careful consideration by procurement leaders and functions.

article thumbnail

Contract Management’s Impact on Procurement Efficiency

The Procurement School

Contract Management is often thought to be the last step in the Procurement life cycle but instead it is both the beginning and end of the procurement cycle and it provides a constant feedback loop. The following article discusses the various steps of contract management and its role in procurement efficiency.

article thumbnail

Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. Procurement analytics is the collection, processing, and interpretation of procurement data to derive actionable insights.