The Procurement ClassRoom

NOVEMBER 23, 2024

Public procurement will either propel us toward the digital future Gates describes or hold us back with outdated processes and institutional inertia. To succeed, governments must embrace innovation, integrate cutting-edge tools like artificial intelligence (AI) and blockchain, and empower procurement teams to lead the way.

Procurement 59

Procurement Supply Chain E-procurement Public Procurement 59

ivalua

FEBRUARY 10, 2023

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.

Price 105

Price Supply Chain Supplier Procurement Team 105

Tracker Intelligence

NOVEMBER 20, 2024

Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. Analytics can help organisations to identify opportunities for cost savings, improved contract compliance and better procurement strategies.

Efficiency 52

Efficiency Procurement Data Supply Chain 52

American City & Country

OCTOBER 29, 2024

How VMI Transforms Procurement Vendor Managed Inventory is about much more than having parts on hand. It’s a procurement strategy that saves time, reduces operational costs, and increases overall productivity. For agencies facing labor shortages or limited resources, VMI can be a game-changer.

Vendor Management 58

Vendor Management Inventory Management Inventory Management 58

Oxford College of Procurement and Supply

SEPTEMBER 8, 2023

Ethical procurement requires a company to understand its societal obligations, expectations and social responsibility. Why is Ethical Procurement Important? As such, today’s procurement teams must embed ethics into their processes in addition to the conventional focus on a good ROI.

Ethics 52

Ethics Import Procurement Supply Chain 52

ivalua

NOVEMBER 25, 2020

– Editor/Co-Author CIPS Finance for Purchasers Level 6 Graduate diploma. David has over 30 years’ experience at senior executive/director level driving value and change through procurement and organisational transformation. The GBS procurement population is c.180 Leadership of the centralised indirect procurement team.

Procurement Strategies 40

Procurement Strategies Supply Chain Leadership Purchasing 40

ivalua

AUGUST 17, 2021

An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis. Both are essential to the success of every business.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52