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

ivalua

Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricing contracts. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Price 105
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What is Cooperative Purchasing & How Does it Benefit Public Sector Procurement?

American City & Country

Other agencies can also use the contract with competitive pricing and terms. By pooling demand, public sector entities can benefit from bulk buying discounts and negotiated price reductions. You can rest easy knowing other agencies, just like yourself, are utilizing cooperative purchasing in their procurement strategy.

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The nexus between data management tools, transparency and procurement policy

Federal News Network

Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. GSA’s current use of algorithms and pricing data is instructive in this regard.

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3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation

ivalua

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program?

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2024 – A year in review with the Public Procurement Group (PPG)

Scottish Government Procurement

In April we published the Annual report on procurement activity in Scotland for 21-22, which highlights how we performed against our Procurement Strategy, how we delivered procurement policy and capability throughout the Scottish public sector. They show that the 16 billion of public procurement spend, we generated 13.8

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Top 10 Foundational Steps To Building A Strong Procurement Strategy

The Procurement School

What’s happening industry-wide that may impact the supply chain or pricing? Market Research Investigate the markets for the commodities identified as potentially benefiting from standing arrangements. How many vendors supply each commodity?

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The Nexus Between Data Management Tools, Transparency and Procurement Policy

The Coalition for Government Procurement

Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. GSA’s current use of algorithms and pricing data is instructive in this regard.