Art of Procurement

OCTOBER 1, 2023

The post Simple Steps for Growing Supplier Diversity appeared first on Art of Procurement. “When you can demonstrate short-term success and communicate it – both inside and outside the company – it helps to.

Supplier 69

Supplier Procurement IT Contract 69

Federal News Network

MAY 30, 2024

Interview Transcript: Tom Temin Dan, let’s just begin with why you would want to treat nontraditional suppliers as commercial in the first place. The post Why DoD treats non-traditional innovation suppliers as just plain commercial first appeared on Federal News Network. Hear The Federal Drive on demand.

Supplier 90

Supplier Innovation Price Accountability 90

Public Contracting Institute

APRIL 23, 2024

Under an FFP contract, the supplier agrees to deliver a specific product or service at a predetermined price, regardless of the actual costs incurred during the project. Risks of firm fixed price contracts Underestimating costs : If the supplier fails to accurately estimate the costs involved, they may end up losing money on the project.

Price 52

Price Supplier Government Government 52

ivalua

JANUARY 13, 2023

For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Since their inception more than 50 years ago, supplier diversity programs have spread beyond public procurements. Supplier Diversity on the World Stage.

Supplier 98

Supplier Ethics E-procurement Supply Chain 98

Government Contracts

FEBRUARY 7, 2024

A titanium parts supplier has told a Texas federal judge that it's too late for Lockheed Martin Corp. to add a claim to its lawsuit seeking to force the supplier to deliver F-35 parts, saying the defense giant was merely strategizing.

Supplier 52

Supplier IT 52

ExecutiveBiz

APRIL 30, 2024

GE Hitachi Nuclear Energy, the nuclear business of energy equipment company GE Vernova, has chosen BWX Technologies subsidiary BWXT Canada to become the first member of the BWRX-300 small modular reactor supplier group.

Supplier 59

Supplier 59

Spend Network

DECEMBER 5, 2023

The UK government's new tightened payment terms for suppliers in public procurement contracts signals a vital move that will have far-reaching impacts across the business landscape when bidding for contracts.

Public Procurement 59

Public Procurement Supplier Procurement Procurement Contracts 59

Government Contracts

MAY 1, 2024

A food supplier must face a U.S. Department of Defense agency's efforts to recoup the purported $5 million lost to an ex-employee's bid-rigging scheme, after a contract appeals board ruled the contractor was required to provide fair, unrigged prices.

Bid Rigging 52

Bid Rigging Supplier Bidding Price 52

Art of Procurement

MAY 9, 2023

Investments in supplier diversity can have a significant impact on an organization’s performance, cost savings, competitiveness, brand reputation, and access. The post How Benchmarking Supplier Diversity Drives Performance appeared first on Art of Procurement.

Supplier 52

Supplier Procurement Data Management 52

Art of Procurement

APRIL 30, 2023

“In our opinion, you have to take a category management approach to supplier diversity. The post [Pod] Benchmarking Supplier Diversity to Drive Performance w/ Aylin Basom and Lois Eichacker appeared first on Art of Procurement. Find those categories where there is.

Supplier 80

Supplier Category Management Procurement Management 80

Art of Procurement

JULY 13, 2023

The post Russia’s Wagner Group as Rogue Supplier appeared first on Art of Procurement. On June 23rd, news broke that the Wagner Group, a private militia operating on behalf of Russia in the war.

Supplier 52

Supplier Procurement Risk Management Data 52

ivalua

JULY 12, 2021

In Part I and Part II of this series, we have investigated the way in which supplier diversity programs have developed over time and which nations are leading the way in the space. The growth of supplier diversity initiatives in these regions (and others) provides unique opportunities and challenges for multinational corporations.

Supplier 98

Supplier Ethics Supply Chain Efficiency 98

Oxford College of Procurement and Supply

JANUARY 11, 2023

Businesses can be negatively impacted when a supplier fails to meet the standard required. As such, it’s important to act quickly when faced with poor supplier performance, putting adequate processes in place to resolve the issue promptly and efficiently.

Supplier 52

Supplier Import Quantity Efficiency 52

ivalua

AUGUST 17, 2021

Successful deployment of source-to-contract suite increases tail supplier management efficiency and optimizes overall process automation. Ahlsell was looking to optimize the management of large tail-end trading goods suppliers. The post Ahlsell Digitizes Management of Trading Goods Suppliers with Ivalua appeared first on Ivalua.

Supplier 98

Supplier Management Efficiency Consulting 98

Art of Procurement

MAY 16, 2024

The post How to Build A Strategic Sourcing Strategy (that Goes Beyond Category and Supplier Management) appeared first on Art of Procurement. Strategic sourcing is one of the foundations of modern procurement. When executed well, it’s about holistically managing the entire acquisition.

Strategic Sourcing 52

Strategic Sourcing Supplier Management Procurement 52

Art of Procurement

JULY 10, 2023

For a long time, procurement has been looking for supplier relationships in all the wrong places. Traditional supplier discovery efforts. The post The Right Places for the Mid-Market to Find Supplier Relationships appeared first on Art of Procurement.

Supplier 52

Supplier Procurement Management 52

ivalua

APRIL 8, 2020

Convinced that their sizes and brands will attract suppliers anyway, they entrench themselves behind the gates of rigid procurement processes. This multi-channel strategy tailored to suppliers’ capabilities is what differentiates best-in-class from a peer group as a report from The Hackett Group reveals.

Supplier 59

Supplier Management Buyers Innovation 59

Government Contracts

DECEMBER 8, 2023

Titanium parts supplier Howmet Aerospace countered Lockheed Martin's quest to have it deliver F-35 parts under a decades-old deal price, telling a Texas federal judge that the aerospace and defense contractor only wanted to avoid taking on titanium cost hikes.

Supplier 52

Supplier Price IT 52

ivalua

AUGUST 16, 2021

A checklist guide to getting the most out of your supplier risk management program. The wave of globalization has made businesses more reliant upon their suppliers than ever before. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. .

Supplier 52

Supplier Management Supply Chain Risk Management 52

ivalua

JULY 6, 2021

As mentioned in Part I of this series on supplier diversity , the United States has taken over half a century to develop its supplier diversity culture into what it is today. There have been impressive examples of supplier diversity efforts in other countries, as well. Raising the Bar in Supplier Diversity Down Under .

Supplier 52

Supplier Tender Ethics Procurement 52

Art of Procurement

DECEMBER 5, 2022

The post [Pod] Who is responsible for making sure suppliers break even? In challenging economic times, each company has to eke the most value out of every contract. But are there limitations. w/ Philip Ideson and Kelly Barner appeared first on Art of Procurement.

Supplier 88

Supplier Procurement Contract Risk Management 88

Government Contracts

JANUARY 16, 2024

A fuel supplier blasted the Defense Logistics Agency for sole-sourcing a $134 million contract to a company accused by the supplier, in a separate, ongoing lawsuit, of orchestrating a contract fraud scheme straight out of a movie.

Supplier 40

Supplier Logistics Contract 40

ivalua

APRIL 13, 2023

The post Ivalua Supplier Collaboration Demo appeared first on Ivalua.

Supplier 52

Supplier Collaboration 52

ivalua

JANUARY 29, 2021

PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. There seems to be a drive within procurement teams to understand their suppliers and the network of suppliers under their tier one suppliers.

Supplier 78

Supplier Supply Chain Procurement Team Risk Management 78

ivalua

APRIL 8, 2021

Supplier diversity is not a new concept. The real challenge is that supplier diversity has generally been viewed as competing with other objectives, such as cost reduction or lowering risk. With diverse suppliers generally being local, that meant supplier diversity competed against the core supplier strategy.

Supplier 52

Supplier Freight Transportation Transportation 52

ivalua

FEBRUARY 12, 2021

Supplier Relationship Management has taken on new meaning in the unprecedented times in which we find ourselves living. Now is the time to rethink supplier relationships for 2021 and beyond. Supplier Relationship Management – time to rewrite the rule-book? What does this teach us about Supplier Relationships?

Supplier 52

Supplier Management Supply Chain Tender 52

ivalua

SEPTEMBER 8, 2022

Most companies recognize that good supplier relationships are more than simply arm’s length transactions between opposing parties. When suppliers are treated as partners, they can be a huge asset in times of trouble. Ivalua Supplier Risk and Performance Management Checklist.

Supplier 52

Supplier Supply Chain Management Warehouse 52

ivalua

JUNE 29, 2021

Supplier diversity programs are something many procurement professionals in the United States (U.S.) But since its inception more than 50 years ago, supplier diversity programs have spread beyond public procurements and now many privately held U.S. businesses proudly maintain robust supplier diversity programs.

Business Strategy 64

Business Strategy Supplier Supply Chain Ethics 64

ivalua

APRIL 25, 2023

Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. Redwood City, CA, 25 April, 2023. Follow us on LinkedIn and Twitter.

Supplier 52

Supplier Management Supply Chain Media 52

DemandStar

MARCH 31, 2022

If you’re part of any government procurement team, you’ve likely been asked, “What are you doing to increase supplier diversity?” It’s also likely you’ve heard of and possibly conducted disparity studies to improve your procurement process and identify the needs of different types of suppliers. Why Are They Needed?

Supplier 52

Supplier Procurement Team Procurement Bidding 52

ivalua

DECEMBER 5, 2019

As a result, the role of the supplier has grown in importance – for example, much of the innovation in the aerospace market comes from suppliers rather than traditional aerospace firms. Suppliers offer an excellent source of knowledge to help businesses rapidly innovate. Cost-focused approaches block innovation.

Supplier 88

Supplier Innovation Procurement Consumer Demands 88

Government Contracts

FEBRUARY 9, 2024

The Biden administration is looking for contractors to provide clean electricity to civilian and defense agencies in the mid-Atlantic and Midwest states for what it says will be one of the federal government's "largest-ever clean electricity purchases."

Supplier 98

Supplier Purchasing Government Government 98

ivalua

FEBRUARY 24, 2021

In Accounts Payable, it’s the Supplier inquiry. However, could this interruption by your supplier be turned into an automation opportunity. Bad Supplier Relationship Management is the kryptonite for AP . In this situation, suppliers may start regarding AP team members as adversaries — and that’s a recipe or disaster.

Supplier 52

Supplier Accountability Eprocurement Supply Chain 52

ivalua

MARCH 24, 2022

Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. In today’s dynamic and uncertain environment, strong supplier relationships are a key competitive advantage. About Ivalua. 212-239-8594.

Supplier 52

Supplier Management Supply Chain Media 52

Government Contracts

JUNE 14, 2024

The Federal Aviation Administration said Friday that it's investigating whether certain Boeing Co. jets were manufactured with titanium components that may have been sold to the plane maker with falsified authenticity documents.

Supplier 52

Supplier Manufacturing IT 52

ivalua

MAY 26, 2022

The post Gaining Competitive Advantage via Holistic Supplier Management appeared first on Ivalua.

Supplier 52

Supplier Management 52

Government Contracts Legal Forum

JUNE 20, 2024

The post An Uplifting Tale: Crane Supplier Recovers Breach Damages Because Commercial-Item Contract Did Not Incorporate Stop-Work Clause appeared first on Government Contracts Legal Forum. View the full article

Supplier 52

Supplier Contract Demand Negotiation 52