How to Use Market Analytics to Identify and Mitigate Supply Chain Risks
Market analytics measures various steps in the procurement process to determine their effectiveness. It’s important in the private and public sectors because it provides insights that go beyond just identifying supply chain strengths and weaknesses. It provides in-depth analysis that is essential to successful supply chain risk management. For instance, is a supplier facing financial […]
The Role of G Cloud 13 in Supporting the Global Economy
In 2012, the UK government launched the G-Cloud procurement framework. It was designed to simplify public sector procurement, shorten the selection timeframe, and encourage SMEs to enter the public procurement marketplace. It’s been pretty successful because over 90% of suppliers using the G-Cloud platform are SMEs. In fact, 72% of G-Cloud suppliers are micro or […]
Using Public Procurement to Promote Innovation
Innovation is essential if you want to gain a competitive advantage in the public sector, where every edge is necessary to gain the attention of procurement buyers and contracting authorities. But did you know that the public sector can actually drive innovation? It can create the very thing it needs by working closely with suppliers […]
The Challenges and Opportunities of Global eSourcing
The global village connects more people from around the world than ever before. In theory, everyone in the world can communicate with anyone else in the world. Of course, connections apply to the global market, with suppliers in Brazil able to win contracts published by the UK’s public sector. The official term for these international […]
How to Use Market Analytics to Improve Your Procurement Process
Market analytics is the process of collecting, analyzing, and interpreting data about the market in order to make informed decisions. It can be used to improve the procurement process in a number of ways, including: Identifying new suppliers and products Comparing prices and quality Negotiating better contracts Managing risk Making better forecasting decisions This article […]
How to Manage Low Value Contracts Effectively
Low-value contracts are public sector tenders that fall below threshold* – the amount at which procurement contracts must be published on digital platforms. The UK government is pushing for more low-value contracts to encourage SMEs to join the public sector and take advantage of government tenders that are far simpler than high-value contracts. To this […]
How to Comply with the Procurement Reform Act
The Public Procurement Bill is scheduled to come into effect in October 2024. This gives those who work with government bodies in the public sector plenty of time to learn the ins and outs of the new legislation. To aid this process, government departments will give public procurement buyers and suppliers a six-month adjustment period […]
G Cloud 13: Everything You Need to Know
G Cloud 13 is the latest iteration of the UK Government’s digital procurement framework. It is designed to make it easier for public sector organisations to buy cloud-based computing services from accredited suppliers. This article provides a comprehensive overview of G Cloud 13, including: What it is and how it works The benefits of using […]
How to measure the success of eSourcing Initiatives
Discover practical ways to measure the success of eSourcing initiatives through procurement efficiency, supplier relations, and cost saving. Elevate your strategies with expert insights, ensuring lasting excellence in your procurement journey. It’s great that more and more businesses are adopting eSourcing strategies to improve the efficiency and effectiveness of their supply chains. Now, they […]
How an eSourcing platform can help implement the changes from the Procurement Reform Act
Navigate the UK procurement Reform Act changes seamlessly with an efficient eSourcing platform. Discover how to leverage technology for effortless implementation. Learn how to streamline processes, ensure compliance, and optimise procurement strategies. Empower your organisation with insights into how to embrace positive transformation and stay ahead of the ever-evolving procurement landscape. Public procurement regulations in […]