Procurement Consulting Procurement.co

Timely requests in procurement are the cornerstone of efficient procurement management. When requests are made promptly, it allows for adequate planning, sourcing, and negotiation, leading to smoother transactions and better outcomes. Timely requests enable suppliers to prepare adequately, ensuring that the right products or services are delivered on time and within budget. This proactive approach minimizes disruptions, enhances supplier relationships, and ultimately contributes to the overall success of procurement activities.

Evaluation criteria are the standards and methods that procuring entities use to assess and compare the bids submitted by the suppliers. They are usually defined in the solicitation documents, such as the request for proposals or the invitation to bid, and they should be clear, objective, and transparent. Evaluation criteria should reflect the needs and expectations of the procuring entity and the end-users, and they should be aligned with the scope and objectives of the procurement project.

We're going to talk about how to combat inflation when requesting for offers from the market. Inflation is the biggest issue for budget holders, as it erodes the purchasing power and increases the costs of goods and services. So how can you protect your procurement budget from the effects of inflation?

Compliance and cybersecurity are not optional or secondary in public procurement. They are essential and strategic for the success and sustainability of public procurement. They are also not static or fixed. They are dynamic and evolving, requiring constant attention and adaptation. That's why public procurement professionals need to stay informed, alert, and proactive in ensuring compliance and cybersecurity in public procurement.

This is our last episode for 2023 and this episode, we will summarize the biggest news and developments that shaped the public procurement landscape this year.

AI is one of the hottest topics in technology, but it is still a relatively new opportunity for procurement. Often AI is talked about as a magic new solution to problems, but what are the real AI opportunities for procurement? How can AI help solve some of the biggest challenges in procurement? And what are the best practices and pitfalls to avoid when implementing AI in procurement?