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Understanding the new Procurement Act 2023: What suppliers need to know - Part 1

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. Part 2 will cover the debarment list; contract award process and what options are available to suppliers if things go wrong.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price 105
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Sole Source Procurement: A Guide to Single-Source Acquisitions

Select GCR

Navigating sole source procurement? When a single supplier is the only option for your procurement needs, understanding the nuances becomes essential. This step is crucial to ensure that the selection of a single supplier is justified as the only available source for a product or service.

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Embracing Technology: How Epping, NH Revolutionized Its Purchasing Process

American City & Country

The Challenge: Limited Resources, Lengthy Research, and Cumbersome RFP Process The Town of Epping faced a significant challenge in streamlining its procurement operations due to the intricate and heavily regulated nature of government purchasing. This is a widespread issue across government procurement teams.

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How Procurement Can Add Value To Supplier Master Data Management

ivalua

Master supplier data doesn’t just matter to Procurement. It plays a role in a number of necessary business functions and is a key enabler of automation throughout the Procure-to-Pay (P2P) process. Accurate supplier data is the fuel that drives critical business processes that impact the bottom line.

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What is Ethical Procurement and Why is it Important?

Oxford College of Procurement and Supply

Ethical procurement requires a company to understand its societal obligations, expectations and social responsibility. Why is Ethical Procurement Important? As such, today’s procurement teams must embed ethics into their processes in addition to the conventional focus on a good ROI.

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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any Manufacturer looking to stay ahead of the game. The eSourcing solution includes the ability to create RFPs, receive bids from qualified suppliers, analyze supplier performance, and manage contracts all in one place.