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Transparency with Purpose – Public Sector Procurement

ivalua

Suppliers need bidding and contract transparency. It is one thing to make tenders public, and another to offer suppliers visibility into the end-to-end bid management process and final award decisions. The public needs spend and supplier selection transparency. Why Ivalua for Public Sector?

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Rev Group Partners with Consus Global to Drive Supply Chain Efficiencies

ivalua

“Partnering with Consus Global and our successful deployment of Ivalua will accelerate our progress in supply chain optimization at REV Group by applying a powerful toolset of data, supplier management, and competitive bidding capabilities to our team,” says Rob Vislosky, Chief Supply Officer of REV Group. “We ABOUT CONSUS GLOBAL.

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Believe It Or Not, Procurement Impacts Every Single Person

ivalua

At some point, there was a need for this, a solicitation process to select a supplier, a competitive bidding process, a contract negotiation, transactions and so on. Increased Transparency: Greater visibility for all as to the opportunities available (or already planned) to work with city and state agencies.

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Duct Tape Can’t Fix Your Legacy Systems

ivalua

They also want transparency, but in their case, it is visibility into new bids, the state of existing bids, awards, and payment status. All systems must make it possible to track and report on what is being done with funds so that taxpayers have sufficient understanding and trust the decisions being made.

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Unique Problems Require Unique Solutions

ivalua

Enormous, complex, global enterprises use procurement technology to manage their spend, suppliers, contracts and bids every day without seeming to run into the same stumbling blocks as the public sector, which operates on a smaller and more localized basis.

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Counterintuitive strategies to navigate the recession: Part 2

Zycus Cognitive Procurement

Engage with your vendors and suppliers to work through the contract review process with a win-win mindset. You may provide better demand visibility to the vendor partner. Review your ‘Supplier Risk and Performance Management solution to prioritize renegotiations with suppliers whose performance has been below par.

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What’s Next for Digital Procurement?

Jaggaer

They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) Connect the dots between processes, your teams, and the suppliers to ensure that data flows smoothly. This will play a vital role in making organizations more agile and reducing supplier risk. 4) The “Day of Digitalization”.