This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.
Around the world, governments are embracing “green procurement” – environmentally sustainablestrategies to reduce global greenhouse gas emissions and other forms of pollution. Strategies In “Green Procurement,” 66 Gov. Planning The first strategy looks to procurement planning.
This vision aligns with the aspirations of many governments: leveraging technology to enhance public services , reduce costs, and promote sustainability. However, one critical element often overlooked in these discussions is public procurement. Foster sustainability by prioritizing green and energy-efficient technologies.
We have reached one year since the launch of the Public ProcurementStrategy for Scotland (PPSfS). The strategy provides a clear vision and focused direction, supporting the whole Scottish public procurement community to align, to collaborate and to deliver positive outcomes with real impacts for the people of Scotland.
When it comes to procurement, having a clear, strategic approach is key to delivering value to your organization. Whether you’re in education, government, nonprofit or the private sector, procurement can be a powerful tool for maximizing savings, streamlining operations, and ensuring compliance.
Improving public procurement, which accounts for one in every three dollars spent by governments, is one of the core ways countries can do more with the same – or less. As theOpen Contracting Partnership, we support transformational procurement reforms in over 50 countries. How can the Bank leverage this opportunity?
As a follow up to the publication of Scotland’s journey of achieving sustainableprocurement outcomes 2002-2022: independent review , we have interviewed key organisations representing and working with the business and the third sector in Scotland about sustainableprocurement outcomes.
Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM). What is Smart Public Procurement?
As 2024 draws to a close, we take a look back at what has been achieved over the last year in Public Procurement in Scotland. We asked members of the Public Procurement Group (PPG) to summarise their sectors 2024 achievements. They show that the 16 billion of public procurement spend, we generated 13.8 billion to Scottish GDP.
Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | ProcurementStrategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.
Public procurement encourages collaboration between government and private enterprises, in turn allowing public authorities to achieve sustainable and circular practices. The following blog will provide a more detailed exploration of creating sustainableprocurementstrategy, their benefits and challenges during implementation.
Public procurement should be all about people. That’s why we are leading our new strategy with a bold ambition that puts people right at the center of our work and impact. Public procurement covers $13 trillion of spending every year, one in every three dollars spent by our governments. Our world runs on public contracts.
We have published our latest annual report covering Scottish Government’s procurement activity in 2022 to 2023. As we continue our Just Transition to a net zero economy, we want procurement to be Good for businesses and their employees, Good for Society, Good for places and communities and Open and Connected.
REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. on time payments) and spend visibility.
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.
Photo credit: Flickr While carrying out research on the impact of digital technologies for public procurement governance, I have realised that the deployment of artificial intelligence to promote sustainability through public procurement holds some promise.
As 2023 draws to a close, we take a look back at what has been achieved over the last year in Public Procurement in Scotland. We asked members of the Public Procurement Group (PPG) to summarise their sector’s 2023 achievements. You can watch the video below, or read the transcript at the bottom of the page.
Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. Data-driven decision-making enables procurement teams to improve performance and align with wider organisational goals including corporate social responsibility and risk management.
Public procurement these days is not just about acquiring goods and public services at low costs. Let us have a closer look at how social value is revolutionising procurement and paving the way for meaningful community impact and environmental benefits. What Is Social Value In Public Procurement?
But despite this advancement, many organizations still procure resources using methods suited for on-premises data centers, not cloud solutions. To fully harness the cloud’s potential, organizations should shift their mindset and adopt procurement processes that let them successfully evaluate options and choose the best solution.
Best practice financial services procurement capabilities now available for rapid deployment. Implement and demonstrate the value of their sustainabilitystrategy and improve their company non-financial rating . Digitization has been an integral part of our procurementstrategy.
P rocurement, a critical component of supply chain management, is transforming, driven by the expertise of certified procurement professionals. Armed with a Public Procurement Certificate , these individuals bring a new level of efficiency and strategic insight to the field. Join us as we delve into the world of procurement excellence.
Bravida is the Nordic region’s leading supplier of end-to-end technical solutions in service and installation.They help their customers to create effective and sustainable properties by providing installation and maintenance services for critical infrastructures. About Bravida Holding AB. Learn more at www.ivalua.com. Follow us at @Ivalua.
Ethical procurement is becoming increasingly important in our ever more complex, interconnected, and global economy. In the past, the main focus for most companies was profit, but more and more companies now understand and value ethical procurement. In this post, we explore what ethical procurement means and why it is so important.
As part of Scot Climate Week 2023 , we hear from some members of the Public Procurement Group (PPG) on how their organisations are embedding climate action in their procurement activities. We will continue to promote the use of sustainability tools and Climate Literacy training uptake across the sector.
New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. The study revealed the challenges procurement teams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.
This is usually when we are offering possible courses of action or procurementstrategies that involve leveraging OTA; I hear a lot from some of the services, ‘I don’t have time for that, I’m just going to go with what my contracting officer already knows, I’m just going to do the FAR-based thing.’
What does Procurement mean? 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. What is Direct Procurement?
What Will Impact Procurement Processes in 2021? In a recent webinar hosted by Ivalua , Chris Sawchuck, Principal and Global Procurement Advisory Practice Leader from The Hackett Group shared 10 key issues that will have a significant impact on Procurement organizations in 2021.
We have published our latest annual report covering Scottish Government’s procurement activity in 2022 to 2023. As we continue our Just Transition to a net zero economy, we want procurement to be Good for businesses and their employees, Good for Society, Good for places and communities and Open and Connected.
Acting as a complementary partner to their suppliers, Procurement is a central target and strategic function for Ahlsell. One of the early objectives of Procurement was to optimize tail supplier management. Integrate sustainability goals into supplier and commodity group management.
Scottish Procurement and Property Directorate’s National Collaborative Procurement Division (NCPD) administers the Scottish national collaborative frameworks and contracts for the whole of the Scottish Public Sector, as well as agreements that can be accessed by central government organisations of the Scottish Government.
Competition in public procurement is not limited to financial competition; it is a key source of innovation and guarantees the fair allocation of public contracts. This analysis will explore the main NAO findings, look at their wider significance and propose steps to reinvigorate competition in government procurement.
As 2023 draws to a close, we take a look back at what has been achieved over the last year in Public Procurement in Scotland. We asked members of the Public Procurement Group (PPG) to summarise their sector’s 2023 achievements. You can watch the video below, or read the transcript at the bottom of the page.
Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. Key Elements of a Responsible Sourcing Strategy. Source: SustainableProcurement: DrivingExponential Impact Across theSupply Chain, Procurious .
In late 2021, The Hackett Group asked Procurement Leaders about their strategic priorities and initiatives for the coming year. After a rollercoaster 2021, how do we pivot and plan for a successful Procurementstrategy in 2022? . Ultimately, it is the combination of these two that drives sustained success.
As procurement professionals we spend a lot of time categorising our products, services and suppliers. An attractive account is one that pays on time, communicates well, promotes innovation, builds trust, is ethically aware, forward thinking, environmentally friendly and sustainability focused. Contact us to learn more and enrol today!
David has over 30 years’ experience at senior executive/director level driving value and change through procurement and organisational transformation. He also understands what it takes to deliver sustainable bottom line results in the optimum time frame. He is currently the Director for Procurement at Rolls Royce (Group CPO).
These policies can also provide greater resilience to the economy and address the distributional impacts of the transition, safeguarding the sustainability of public finances and avoiding the emergence of stranded assets. The following is a summary of the main opportunities found in this new publication.
It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. The last phase of the process, also known as Procure-to-Pay includes the ordering of goods/services, receiving of these, invoicing and payment to suppliers.
The agreement enables GSA to obtain services ranging from retail and wholesale electricity market price analysis to procurementstrategies compliant with Executive Order 14057, which focuses on clean energy-related job creation, the company said Wednesday. Under the contract, Guidehouse will also […]
Also included within the Administration’s notion of sustainableprocurement, however, is prioritizing the procurement of PFAS-free products. Accordingly, government contractors should approach the immediate compliance obligations summarized above with one eye on future procurement restrictions and preferences. [1]
In its procurementstrategy, the government is required by law to buy a percentage of its requirements from U.S. Biden-Harris administration expands access to federal contracts Government contracts can represent a gateway to sustainable growth for small businesses. small businesses.
In this latest vlog, Nick provides an overview of the last quarter with achievements and updates from across the Scottish Procurement and Property Directorate. Nick also touches on upcoming events over the next few months across the Scottish procurement community. And as always, procurement will have an important contribution to make.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content