article thumbnail

My Online Course on Udemy "Value-based Procurement"

The Good Spending

Examine the effects of procurement value on stakeholder work, supplier relationship management, and agility. Review the evolution of the procurement process from the lowest bid to the value-based one. Study some practical concepts, e.g., Best-Value Procurement , Value Stream Mapping, Reverse Marketing , VIPER model, etc.

article thumbnail

An Interview on The Role of Technology in the Future of Procurement with David Yarkin

HICX

David is a procurement practitioner who has spent nearly twenty years working in a number of organizations both in the public and private sectors. After gaining experience, David went on to establish his own business, Procurated , which connects public sector buyers with peer-reviewed suppliers.

professionals

Sign Up for our Newsletter

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

article thumbnail

5 steps for Procurement to impact on financial results

Claritum

The Procurement team need only to be able to monitor and report as. strategic suppliers, approved suppliers and competitive bids for. Later in this article we will cover the areas that Procurement, with the noise removed, is now able to focus on. dynamic world and Procurement has to keep up to date if they are going.

article thumbnail

5 steps for Procurement to impact on financial results

Claritum

The Procurement team need only to be able to monitor and report as needed on the flow of purchasing transactions. Ensuring that policies are adhered to and that there is appropriate supplier selection (strategic suppliers, approved suppliers and competitive bids for example.).

article thumbnail

What Is the Source-to-Pay (S2P) Process?

Pipefy

The cycle of S2P processes varies slightly depending on the business, procurement category, or industry, but they typically contain these 10 key steps: 1. RFx and bids Once the list of potential suppliers for the project has been finalized, the bidding process will begin.

article thumbnail

Support Paper: The Business Case for Change

Barkers Procurement

Improved capabilities for conducting sourcing events such as analytics of supplier bids and efficient feedback loops, enable more effective negotiation tactics resulting in significant savings rates. A BSM platform removes user error, shining a spotlight on this area of the business.

article thumbnail

Transaction Cost Economics of the Source-to-Pay Process

The Good Spending

As many companies still suggest, it isn't just the way to find the lowest bid. S2P is the core process that enables the success of the business. Classical economic theories clearly support our ambitions to identify procurement among the firm's vital functions. To keep receiving new insights and research, please subscribe here.