Federal News Network
AUGUST 20, 2024
The Department of the Navy’s third attempt to modernize its contract writing system and overall electronic procurement system is on shaky ground. That hubris reared its ugly head most recently in June when the Navy retracted a technical assessment that found shortcomings in the Navy’s electronic procurement system (ePS) program.
American City & Country
SEPTEMBER 18, 2024
No question, government procurement is different from acquisitions outside the public sector, Cunningham believes. He spotlights some best practices and procedures for tech procurement in local government: • Conduct a thorough needs assessment across departments. Consider the total cost of ownership, not just upfront costs. .
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Oxford College of Procurement and Supply
JANUARY 14, 2025
Why Benchmarking Matters in Procurement Procurement is all about achieving value for money. In procurement, benchmarking involves assessing supplier performance, costs, and processes against industry standards or competitors to ensure you are receiving the best value. Ready to deepen your procurement expertise?
American City & Country
SEPTEMBER 27, 2024
According to Witt, governments must also consider the total cost of ownership of the new system. It also includes the supplemental cost of implementation, training, ongoing support and system maintenance.” This is more than just the flat price of the new technology. Contact him at michael.keating@informa.com.
ivalua
MARCH 18, 2021
Ultimately, the buyer can efficiently compare offers and select the optimal supplier(s) according to a best value/best price logic or lower total cost of ownership. This greatly increases the company’s agility, allowing highly efficient purchasing operations.
ivalua
FEBRUARY 25, 2021
That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. In healthcare, procurement must deal with a high volume of serial numbers and expiration dates, and when you’re buying for multiple hospitals, trying to manage that with an ERP system is impossible.
The Procurement School
FEBRUARY 16, 2023
There will always be a cost of goods to consider but it will be a much broader view with the total cost of ownership internalized as much as possible. Public sector procurement also followed the Smith theory, where the lowest cost from a tendering process must deliver the best value.
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