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

ivalua

How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

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Three ways World Bank procurement can drive collaboration for the SDGs

Open Contracting Partnership

Currently, the Bank conducts procurement for these investment projects, putting pressure on internal procurement capacity at the Bank, and missing an opportunity for domestic procurement teams to modernise their own countrys systems and upskill procurement teams. How can the Bank leverage this opportunity?

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Saving the planet through procurement: Governments are identifying ways to use purchasing to achieve and support sustainability goals

American City & Country

Sustainable government procurement is the process of acquiring goods and services that meet the government entity’s needs while minimizing environmental and social impacts. How they carry out that duty, therefore, can affect whether they can achieve their sustainable development goals.” Sustainable Development Goal (SDG) No.

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5 Tips to Leverage Digital Tools to Deliver Tangible Sustainability Improvements

ivalua

Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. As the sourcing function evolves, digital procurement technologies have become crucial tools for buyers to capture and report their sustainability achievements.

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Roundtable roundup: Best practices for crown corporation procurement

Bonfire

If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option. Going forward, the agencies that use a patchwork approach are working towards adopting a single tool that will streamline their processes and support procurement success.

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Top Ten CPO Priorities for 2022

ivalua

Supplier spend is changing rapidly and organizations must manage supplier spend by identifying the shift in the current inflation (adjusted price of the supplier’s goods). While supplier relationships are priority, external factors such as currency, demand, and cost of energy are affecting pricing and supply.

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Top 6 Reasons to Automate Source to Pay for Oil, Gas and Energy

ivalua

Companies will face a variety of short and long-term challenges, such as balancing the effects of downward prices, output cuts, movement of demand to alternative energy sources, heavy capital investment for new capacity, complex government regulations and rising operating costs.