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Governments need to plan for the entire product lifecycle when they purchase technology today

American City & Country

Consider the total cost of ownership, not just upfront costs. Cooperative contracts simplify and expedite the procurement process by including pre-negotiated terms and conditions that comply with government regulations, thereby reducing administrative overhead and the risk of non-compliance.”

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Benchmarking in Procurement: The Key to Maximising Business Value

Oxford College of Procurement and Supply

Enhances competitiveness Ensures organisations stay ahead in supplier negotiations. Improves service quality Drives better supplier performance and customer satisfaction. More Than Just Price While price is often the most common focus in benchmarking, it is only one piece of the puzzle. Ready to deepen your procurement expertise?

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What is Strategic Sourcing and Why is it Important?

Oxford College of Procurement and Supply

The main difference relates to cost. In contrast, strategic sourcing focuses on the total cost of ownership and seeks to create the best possible value. Strategic sourcing assesses all the costs of a company’s operations and considers what value suppliers can bring. Why is strategic sourcing important?

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Charging Forward: Public sector EVs pose both challenges and opportunities for state agencies and their partners

American City & Country

Moreover, as EV tech improves and becomes more widely adopted, the costs associated with electric vehicles are expected to decrease—reducing total cost of ownership (TCO) compared to a gas-powered fleet. This could help to proactively nip more costly environmental crisis mitigation needs in the bud.