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Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategicsourcing.
Friday, October 13, 2023 | 2:00PM EDT | 1 Hour | 1 CPE In 2022, the Department of Defense created a cross-functional team to accelerate the adoption of 5G and future-generation wireless networking technologies, laying the foundation for new opportunities to implement innovative solutions to military needs. and its allies and partners.
And while no one would say government purchasing has exactly become simple in the intervening 10 years, category management and best-in-class contracting have done their share of work toward making things better. The increase in the value of best-in-class contracts over the past four years. of spending was characterized as under management.
By ensuring that the right goods and services are purchased at the right price and delivered on time, procurement can help to ensure that a company or organization achieves its goals. When businesses start sourcing local goods and services, they are presented with new opportunities to network and form strong bonds with local business owners.
The National Science Foundation seeks to inform industry regarding the upcoming Unified Network for Innovative Technology and Engineering, or UNITE, blanket purchase agreement procurement opportunity and has issued a draft solicitation for the strategicsourcing effort.
In fact, the DOD created a cross-functional team to accelerate the adoption of 5G and future-generation wireless networking technologies in 2022, to prepare the department for new, innovative opportunities. FutureG is working to bring private 5G standalone network to the edge. The new 5G technology could support all of that.
The spread of 5G was accelerated by the pandemic, as agencies and businesses alike had to transition to a work-from-home environment, requiring at-home workers to have the same network performance and access as they did in the office. In accordance with the standards of the National Registry of CPE Sponsors, 50 minutes equals 1 CPE.
Not to mention, ERPs can’t connect you with the vendor communities and networks that sometimes come with a dedicated procurement solution, which means that fewer qualified vendors see and bid on your agency’s solicitations in the first place.
It is either a data input, such as what we gather and use in spend analysis, or it is a process by-product, such as the information we gather from prospective suppliers during strategicsourcing. Instead, it tells us about our own purchasing habits. It does not tell us much about the suppliers.
But now with strategicsourcing and category management, the process has become much easier to track, monitor and control. Add sourcing workflow to the mix, and introduce machine learning that can link directly to the supplier and track savings, then you can start to see where the science comes in. appeared first on Ivalua.
Congress Passes $3 Billion VA Supplemental Funding Bill Federal News Network reports that on Thursday, the Senate passed a $3 billion VA supplemental funding bill. The only exceptions are for contracts solely for the purchase of Commercial Off-the-Shelf items or contracts under the $10,000 micro-purchase threshold.
Mike Smith, a former director of strategicsourcing at DHS and now executive vice president at GovConRx, said with the successes of the DHS and other pilots, he hoped the FAR Council would take up this project and support CPARs reforms. But if everyone is rated satisfactory, then CPARs has little to no real value.”
White House Announces “Better Contracting Initiative” On November 8, the Biden-Harris Administration announced the next phase of the Federal Government’s enterprise approach to purchasing goods and services, known as the “Better Contracting Initiative (BCI).” VSBC-297-P (2023). [8] 8] 13 CFR 125.18(b)(2)(ii)(B) 9] 13 CFR 125.14(k)
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