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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategic sourcing. Develop a Strategic Procurement Plan Procurement shouldn’t be reactive; it should be proactive.

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Friends not Foes, Supplier Relationships Made to Last

ivalua

These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Now, customers who are more strategic with negotiated rates are given preferential treatment. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.

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Top 10 Foundational Steps To Building A Strong Procurement Strategy

The Procurement School

Strategic items are both costly and can only be purchased by one or few vendors (e.g. speciality scientific equipment, expert negotiators for high-dollar complicated contracts). Collaboration and strategic partnerships can work well for these commodities, where a long-term relationship is established with one or two vendors.

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AI and All That – Ivalua Now Looks to the Future

ivalua

If we get that right, then AI can digitize the full P2P process, eliminate manual processes and free capacity for strategic planning – which takes us nicely into the session from Vishal Patel of Ivalua, who told and showed us more about Ivalua’ s approach to AI. Will AI decimate procurement roles?

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Rome wasn’t Built in a Day, Neither was your Supplier Relationship

ivalua

These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Now, customers who are more strategic with negotiated rates are given preferential treatment. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.

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In-Depth Analysis of Framework Agreements in Public Sector Procurement

Tracker Intelligence

Pre-negotiated terms are provided that reduce the complexity for contracting authorities in procurement whilst allowing suppliers to capture opportunities more efficiently. Tracker Intelligence is a great tool to help vendors precisely and easily negotiate the complexity of the tendering process.

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How to Sell to the Government (SLED)

GovSpend

This process can vary widely between jurisdictions, but typically involves the following steps: Identification of needs: Government agencies identify their needs for goods and services through a variety of channels, including strategic planning documents, public announcements, and requests for information (RFIs).