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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

Develop a Strategic Procurement Plan Procurement shouldn’t be reactive; it should be proactive. Start by developing a strategic plan that aligns procurement goals with your organization’s overall objectives. Cooperative purchasing can help you stay agile and strategic in your procurement activities.

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[Pod] From C-Suite Priority to Procurement Strategy: Managing Risk at Scale w/ Gordon Donovan and Matthew Montgomery

Art of Procurement

“Getting visibility into the n-tier is the silver bullet that makes procurement every organization’s hero or heroine because everything happens. The post [Pod] From C-Suite Priority to Procurement Strategy: Managing Risk at Scale w/ Gordon Donovan and Matthew Montgomery appeared first on Art of Procurement.

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Simplifying Public Sector Procurement: Strategies to Increase Sme Participation

The Procurement School

Seasoned practitioners in public procurement can be jaded from situations that have gone wrong, and it is common for inexperienced public buyers to experience risk aversion and fear of the unknown. Additionally, a simplistic risk transfer strategy may reduce market interest, and the number of bids submitted.

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New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives

ivalua

The research went on to reveal that more digitally “advanced” procurement departments are far exceeding “beginner” procurement departments that are less digitally mature in the range of KPIs they track, how frequently they measure success and the levels of planned technology investments.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

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.

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Friday Flash 11/01/2024

The Coalition for Government Procurement

Harwood, and Ashley Powers; Miller & Chevalier Chartered The Office of Management and Budget (OMB) released a new memorandum at the beginning of October, “Advancing the Responsible Acquisition of Artificial Intelligence in Government” ( M-24-18 ) (the Memo), intended to help “agencies harness the power of AI.”

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How Certified Procurement Professionals Drive Efficiency in Supply Chain Management

The Procurement School

Key Contributions of Certified Procurement Professionals Certified procurement professionals significantly improve supply chain operations. Their training and certification equip them to develop and execute procurement strategies that align with organizational objectives.