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Bindi Patel, a more than two-decade consulting industry veteran, has been appointed vice president of contracts and procurement and corporate risk officer at Springfield, Virginia-based defense and space manufacturing company Ensco.
I think most government contractors have contracts that are negotiated and the prices are negotiated upfront, and then they have to adhere to those prices over the course of the entire five-to-10 year contract. Tom Temin And for contractors on the manufacturing side that make things, platforms and so forth.
This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms. Doug has a B.S.
Healthcare Procurement: Why the Healthcare Industry Needs to Modernize SupplyChains to Meet Today’s Challenges. In return for a relatively modest membership fee, which typically ranges from 1 to 3 percent of their negotiated contract size, hospitals and healthcare systems using GPOs save an average of 13.1
Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.
Manufacturers of platforms and ammunition must deal with a list of regulatory and legal challenges. Interview Transcript: Tom Temin And we think of the defense industrial base has strained in terms of capacity to manufacture what’s needed around the world and, you know, missile systems and ammunition and so forth. supplychains.
Former federal executives and industry experts said it may be time to rethink the IT value added reseller (ITVAR) approach as the FBI and DCIS raid shined a brighter light on supplychain risks that most vendors and agencies generally glossed over until now. I think the government and industry are asking that question now.
Healthcare supplychain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere , a healthcare supplychain GPO based in St. To learn more, visit www.intalere.com.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. .
How I got into procurement My peers all have a 'story' about how they got into procurement without knowing they were actually working in a SupplyChain Management (SCM) role. I've never met anyone who studied supplychain management at university because they knew that's what they wanted to do. Read on to find out.
The initial focus is on streamlining the purchasing process, improving the experience for employees, and capturing negotiated savings to support profitability. We look forward to working together to take their procurement and supplychain operations to the next level and drive measurable bottom-line results.”.
Healthcare supplychain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere, a healthcare supplychain GPO based in St. To learn more, visit www.intalere.com.
Maximizing SupplyChain Resiliency. In this keynote, hear how manufacturing leader Flex’s digital transformation supported their response. Aurea has a degree on International Business, and within 20 years at Flex, has developed a career in several SupplyChain positions, currently as VP of Indirect Procurement.
The pandemic wreaked havoc on businesses and their supplychains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supplychain and manage it so they can react quickly when a problem occurs.” Start by Putting the Right Technology in Place.
The results were segmented to isolate perspectives for both manufacturing and services-based organizations, here we’ll focus on the later. . The main categories of risk are covered in Figure 1 to include supplychain, information security, location, CSR or ESG, financials, regulations, quality and reputation.
It includes internal and external stakeholders, such as those from procurement, engineering, logistics, accounts payable, the supplychain management team, as well as the suppliers that make up the supplychain. One of the key challenges organizations face is ensuring that indirect spend is compliant.
This follows the Commission’s proposal of the Regulation on 14 September 2022 , and negotiations between the EU Council and Parliament which took place on 22 January 2024. data concerning the manufacturer and suppliers of these products). It is expected that the Regulation will enter into force by the summer of 2024.
This follows negotiations between the EU Council and Parliament which took place on 22 January 2024 and the European Council and European Parliament reaching a provisional agreement on the Regulation on 5 March 2024.
As manufacturing executives continue to chart the future course of their companies, they often focus on reinventing the production line, improving the speed of innovation, evolving the skill sets of their labor force, achieving operational excellence, and so forth. Recognition and reward systems need to be tied in.
Today, I am excited to discuss the strides we are making under the BCI, particularly Priority 2, which focuses on negotiating common enterprise-wide software licenses. With Priority 2, we are setting new standards for how the government collaborates and negotiates in the IT realm, ensuring better outcomes for all our stakeholders.
The conference is dedicated to supplychain topics primarily focused on Advanced Planning and Scheduling Through Logistics. The first one I attended was a topic on supply base management. The first one I attended was a topic on supply base management. This week I attended the Logimed 2016 conference in New Orleans.
This deployment is another significant step forward in the digital transformation of their overall supplychain processes, a journey that started last year with the successful rollout of Ivalua Sourcing solution for direct materials. . billion ($2.2
Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? If something goes wrong with this supplier and you can’t find an alternative supplier quickly, you have a weak spot in your supplychain.
It’s all being negotiated right now. It could be some manufacturers. And so companies that have these kinds of capabilities including supporting services, including supplychain risk management, including the cyber protections these are all candidates for roll-up and consolidation at GSA. Some may stay.
How many vendors supply each commodity? What’s happening industry-wide that may impact the supplychain or pricing? Are there buying groups that you could join who have already done this research and have established supply arrangements? Strategic items are both costly and can only be purchased by one or few vendors (e.g.
Cybersecurity Update, October 12 In honor of Cybersecurity Awareness Month, we are happy to hold a joint virtual Business and Regulatory Issues (BRIC) and Cyber and SupplyChain Security Committee Meeting on October 12 at 11 AM ET. Keep reading for more details on the upcoming schedule for 2023 and beyond!
This means moving away from supplier relationships that only focus on negotiating lower prices, which can financially stress suppliers and cause them to think twice about working with cost-focused organisations.”. The more innovative suppliers are in a position where they can now pick and choose who they work with. About the study.
Procurement has been uniquely placed on the business front line of this crisis in helping to pivot supplychains from producing make-up to face masks and to finding thousands of items of remote working equipment overnight, or from manufacturing parts for car engines to ventilators. We all know these stories.
CAI manufactured shoes in Asia. Despite negotiations, GBO notified CAI that the agreement was terminated, alleging several breaches. CAI , the exclusive distribution agreement between the parties granted GBO exclusive distribution rights for the products manufactured by CAI. Turning back to GBO v.
This is an opportunity for Canadian businesses to express pain points under the existing agreement, which Canada could present during the 2026 review and possibly negotiate appropriate action. The import prohibition was expanded to apply to goods mined or manufactured by child labour with the coming into force of the SCA on January 1, 2024.
During the training, Jason, Liam, and Alex will cover the following topics and more: Pricing – Transactional Data Reporting (TDR)/Commercial Sales Practices (CSP); Domestic Preferences; SupplyChain; Enforcement/Mandatory Disclosure/Ethics; Sustainability Requirements/Policy; and Bid Protests Update. NW, Washington, D.C.
He detailed the strategic adjustments Chinese companies have made in response to heightened tariffs and geopolitical tensions, including diversifying their investments and manufacturing operations to countries like Mexico and Vietnam, as well as to lower-cost regions within China.
For manufacturers of covered drugs with a Federal Supply Schedule (FSS) contract in place with VA, the pricing update season is fast approaching. James Peake , M.D., NW, Washington, D.C. 20006), but will be offered to both in-person and virtual attendees.
The FASC Improvement Act would grant the FASC the ability to directly issue binding removal and exclusion orders to “protect the Federal supplychain from technology companies and products owned or controlled by a foreign adversary.” The facts of this case illustrate a peculiarity in small business set-aside supply acquisition.
Healthcare Spotlight: HHS Announces Medicare Part D Negotiated Prices This week, the Department of Health and Human Services (HHS) released the final drug prices negotiated through its Medicare Drug Price Negotiation Program established under the Inflation Reduction Act of 2022 (IRA). 5] [1] 13 CFR 126.609. [2] 27, 2024. [3]
Contractors should also be aware of the following opportunities that the Government is considering to reduce plastics in the Federal supplychain: The fact sheet touts past Federal accomplishments, including the FSS Single Use Plastics Final Rule that the Coalition commented on in February. Reporting should begin by September 1, 2025.
The RFI included 13 questions on infrastructure/supplychain resilience, workforce, innovation, acquisition, policy, and regulatory environment. manufacturers. Manufacturing USA is a “national network of institutes that brings together people, ideas, and technology to solve advanced manufacturing challenges.”
The deadline to avoid a government shutdown is September 30, although Friday, September 27 is seen as the target date for lawmakers to finalize negotiations before returning to their home districts to campaign until the election. The facts of this case illustrate a peculiarity in small business set-aside supply acquisition.
.” These measures are said to burden US commerce by increasing China’s excess shipbuilding capacity and market share, artificially depressing prices, impeding US investment and production, reducing the numbers of US-produced crafts in merchant fleets, and providing unfair advantages to Chinese manufacturers and suppliers that restrict trade (..)
A sole source situation exists when specific criteria are met, emphasizing the need for thorough verification of the exclusivity of the source, especially in cases involving ‘sole brand’ or ‘sole manufacturer’ items that may have multiple distributors. This indicates the presence of competitive market alternatives.
GSA identified that small businesses could not participate because they did not have the required letter of supply from Original Equipment Manufacturers (OEMs). To facilitate discussion, please provide questions or topics you would like addressed at the meeting to Joseph Snyderwine at JSnyderwine@thecgp.org. To register, click here.
Take, for example, a DoD supply contractor that is working under a fixed-price contract/order that presumes 70% of the unit price being the cost of materials, and 10% being labor/fringe. manufacturing sector ( National Compensation Survey Code 300000; NAICS Code Series 31-33 )). [43] 43] And assume the ECI shows a 5.1%
DoD’s efforts to improve small business participation include the recently awarded defense industrial base consortium agreement which gives industry partners, including non-traditional contractors and small businesses, the opportunity to work with DoD on defense supplychain technology projects and potential research through prototype development.
In turn, this will lead to more consistent and sound negotiation and administration of MAS contracts. In the past, the regional structure gave rise to differing cultures, negotiation approaches, and interpretations of applicable regulations and solicitation provisions. We look forward to seeing you all there!
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