article thumbnail

Understanding the new Procurement Act 2023: What suppliers need to know - Part 2

VWV

The Procurement Act 2023 (the Act) introduces a range of reforms aimed at simplifying and enhancing transparency in the procurement process, which should be good news for suppliers. In Part 1 of our FAQs for suppliers , we covered key changes to the procurement process and what suppliers can do to get ready for the Procurement Act.

article thumbnail

The 6 Types of Power That Influences Supplier Relationships

Oxford College of Procurement and Supply

Understanding the 6 types of power can help procurement professionals approach key activities more effectively, from sourcing and negotiating to supplier management and conflict resolution. Whilst conducting the due diligence in readiness for a negotiation a buyer may ascertain that the supplier is a monopoly.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

4 Steps to Preventing Supply Chain Sabotage

FedTech Magazine

Nearly half of critical infrastructure organizations are unable to monitor their supply chains, and 36% of supply chain professionals believe cybercriminals have already penetrated their networks via unreported supplier breaches, according to a DNV Cyber report from March.

article thumbnail

Preparing for the central digital platform: Key updates, supplier actions, and data protection insights under the Procurement Act

VWV

With the Procurement Act 2023 set to go live on 24 February 2025, the Cabinet Office has been releasing guidance notes to help both contracting authorities and suppliers prepare. Supplier information Suppliers will need to act promptly once the platform is live. details of connected persons).

article thumbnail

What is Cooperative Purchasing & How Does it Benefit Public Sector Procurement?

American City & Country

The lead agency conducts the solicitation and RFP process, sets the terms, and awards the contract to a supplier. OMNIA Partners checks suppliers to ensure high quality, providing organizations with many options in various categories. It also allows them to access a wider range of products and services at potentially lower costs.

article thumbnail

Public Safety Starts with Smart Procurement

American City & Country

By offering access to a broad portfolio of contracts with industry leading suppliers, OMNIA Partners helps procurement professionals streamline their sourcing process and ensures they’re working with trusted suppliers who meet high standards.

article thumbnail

Smarter collaboration: How Mexico City delivers major projects through inclusive planning

Open Contracting Partnership

Mexico City has devised an efficient, participatory, and transparent approach to seek input from potential suppliers and the public on draft contracting documents before a formal call to tender is announced. Mexico City is proving that big plans lead to better results when citizens and businesses are part of the process.