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Far from being a mere bureaucratic task, procurement is the mechanism through which governments acquire the infrastructure and technology needed for this transformation. It is not just a participant in the digital revolution—it is its foundation.
From this discussion, we compiled a list of 8 critical supplychain management activities that to improve, build, and maintain supplychain resilience now and in the years to come. But building an agile, resilient supplychain doesn’t happen overnight; it requires forethought and planning.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?
CTA April 28, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. A recent webinar hosted by SupplyChain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives.
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. According to SupplyChain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.
35% of respondents are lacking systems to enable effective, scalable collaboration to empower supply-chain partners in support of their CSR strategies and policies. Survey participants included decision-makers in procurement in various industries, including CPG, finance, telecommunications, technology, and manufacturing/ automotive.
The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supplychain risk management/mitigation, and supplier performance management. Healthcare.
NHS and Healthcare Procurement NHS SupplyChain NHS SupplyChain manages procurement on behalf of NHS trusts and hospitals. By consolidating purchasing power, it ensures the healthcare system obtains better value from suppliers while adhering to procurement regulations.
Additionally, this lack of diversity in supplychains can lead to overreliance on a few select suppliers. Key Findings from the National Audit Office Report The NAO report offers a detailed analysis of the current state of competition in public procurement, highlighting several key areas of concern.
The book gives a clear view of the benefits of cross functional collaboration for procurement and also some actionable insights as to how procurement can foster collaboration with other areas of the business. . By supporting the budget holders they can then deliver value to the organisation.
Inclusive Opportunities: Public procurement can be a tool to promote equality, diversity, and inclusion by prioritising contracts with suppliers committed to these ideals. Why Does Social Value Matter In Public Procurement? Aligning these goals with community priorities and adhering to legal requirements ensures a balanced approach.
We headed right into another session with Francesco Cantoni , Procurement Director, LucchiniRS , Julien Jacomy , Purchasing Process Manager, Plastic Omnium and Jarrod McAdoo , Director, Product Marketing, Ivalua discussed supplier collaboration and supplychain strategy. Day 1 Closing Remarks. appeared first on Ivalua.
The Coalition for Government Procurement would like to thank everyone who attended this week’s Fall Training Conference: “ What is Fair and Reasonable? Your participation played a key role in the dialogue between industry and the Federal Government as we explored the variety of factors that impact a fair and reasonable determination.
The reality is that too few procurementteams have experience here. At Ivalua NOW 2021, which will again be virtual to ensure safety and allow greater participation, we’ve selected “Procurement Rising” as our theme for this reason. Those that do so will maintain their slot on the boardroom agenda permanently.
The FIT Act would authorize agencies to make advanced payments for cloud computing services, increase the simplified acquisition threshold from $250,000 to $500,000 and the micro-purchase threshold from $10,000 to $25,000, and require Federal procurement officers to take cross-functional training. Learn more and register here.
Beyond software, Federal Agencies will retain the ability to leverage best-in-class enterprise contracts for common goods and services, consistent with efforts that grow small business participation and supplychain diversity. Saving Money and Avoiding Waste by Getting Contract Requirements Right the First Time.
By addressing these challenges, procurementteams can enhance transparency, ensure compliance, and deliver value for money. Source: [link] The Key Challenges In Public Procurement Regulatory Complexity With the Procurement Act 2023 evolving, procurement is treated with a lot of oversight.
. $1,000 Donated to Paws for Purple Hearts Thanks to Member Support The Coalition is thrilled to announce a $1,000 donation to Paws for Purple Hearts, made possible by the enthusiastic participation of our members and guests at the Fall Training Conference. To join, please contact Michael Hanafin at mhanafin@thecgp.org.
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