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

American City & Country

Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategic sourcing.

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Saving the planet through procurement: Governments are identifying ways to use purchasing to achieve and support sustainability goals

American City & Country

Sustainable government procurement is the process of acquiring goods and services that meet the government entity’s needs while minimizing environmental and social impacts. How they carry out that duty, therefore, can affect whether they can achieve their sustainable development goals.” Sustainable Development Goal (SDG) No.

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How Kazakhstan is combating non-competitive procurement

Open Contracting Partnership

New suppliers are entering the market and bidding more actively too. The number of suppliers per buyer increased from 8.0 The total value of purchases during this period increased by 160%, reaching 12.37 billion) 3 , while the value of single-source purchases remained more or less stable (see Figure 2). in 2021 to 4.2

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The Suppliers Perspective

Oxford College of Procurement and Supply

As buyers we often expect a lot from our suppliers, but do we take the time to think about what they need from us in order to perform to the standard we often demand of them? It is important for us to remember the suppliers perspective and to effectively communicate with them, so we receive the end product that we want.

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A More Reliable Path to Net Zero: Ivalua’s Latest Innovation Helps Reduce the Environmental Impact of Supply Chains

ivalua

By integrating the EIC’s functionalities in their procurement practices, organizations can dramatically accelerate sustainability agendas with reliable emissions data for all the direct and indirect products and services they acquire, and establish transparent reporting standards.

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Ivalua Partners with OMNIA Partners, a leading Group Purchasing Organization (GPO), to Boost the Purchasing Power of Organizations

ivalua

The last 24 months have greatly hindered the ability of many organizations to sustain or grow revenue, increasing pressure on Procurement to create and capture more savings to protect the bottom line and to do so rapidly. OMNIA Partners is the largest and most experienced purchasing organization for public and private sector procurement.

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Qualify for Wayfair’s Shop Sustainably Program

The Softly Spark

Contributing Author: Anushka Musinipally Wayfair’s Shop Sustainably program presents an opportunity to showcase sustainable home goods products to eco-conscious consumers, increasing the chances that they will be viewed by customers. They welcome all suppliers–no matter how big or small.