article thumbnail

Sustainability in Procurement: Strategies and Challenges

ivalua

Sustainable and socially responsible procurement practices that cover the full spectrum can provide end-to-end visibility that facilitates monitoring and compliance, and delivers continuous value to the business. Among these practices are supplier identification through sourcing, relationship management, and reporting.

article thumbnail

Updating the UNCITRAL Model Procurement Law for “Green Procurement”

Public Procurement Intl

A number of webinars we have held at GW Law School, including a July 2024 series on emerging international best practices, confirmed that there are many parallels between these “green procurementstrategies. Strategies In “Green Procurement,” 66 Gov. Planning The first strategy looks to procurement planning.

article thumbnail

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

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. 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.

Price 105
article thumbnail

Procurement strategies shifting to restore growth post-COVID-19, reveals Ivalua research

ivalua

However, the research reveals that many organisations feel their procurement strategies are being hampered by outdated technology: Organisations believe that overly dispersed (72%), unactionable data (70%), and a lack of embedded best practices (70%) are limiting overall value from technology solutions. Download the full study *.

article thumbnail

Procurement Strategies Shifting to Restore Growth Post-COVID-19, Reveals Ivalua Research

ivalua

However, the research reveals that many organizations feel their procurement strategies are being hampered by outdated technology: . For many organizations, procurement was crucial to keeping supplies flowing during the pandemic and minimizing the impact on profitability. comments David Khuat-Duy, Corporate CEO at Ivalua.

article thumbnail

Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

Additionally, the procurement management team may select the procurement method based on the nature or complexity of the requirement. For example, the nature of the market may vary depending on whether the requirement can be sourced from multiple suppliers, a single supplier , or just a few suppliers.

article thumbnail

Driving sustainable procurement outcomes

Scottish Government Procurement

As a follow up to the publication of Scotland’s journey of achieving sustainable procurement outcomes 2002-2022: independent review , we have interviewed key organisations representing and working with the business and the third sector in Scotland about sustainable procurement outcomes.