The Coalition for Government Procurement’s Post

The MVK Factor. Our Chief Procurement Officer is on the cover of Procurement Magazine talking about how we make margins multiply for our customers through visibility, simplicity, and powerful data. Michael V. Read: https://bit.ly/4cSoBzO

Read this article where SDI International Corp is featured in Procurement Magazine - Click on the link 👇 to know more about SDI services like - Procurement consulting Solutions for tail Expert procurement solutions Procurement talent management #procurement #sourcingandprocurement #procurementexecuitives

Government agencies looking to streamline and automate their procurement operations can start with low-hanging fruit, the processes that can be quickly and easily automated to save time. Check out the latest Procurement Insiders blog by Tammy Rimes, MPA: https://hubs.la/Q02CGYHX0

New year, new goals, new innovations = time to upgrade your freight procurement process and orchestrate successful RFQs every time ⚙ 📈 🚀 🌔 After years of consulting and collaborating with clients, our experts have gathered a great deal of know-how. All these learnings and insightful advice are now available for you in our whitepaper! Download the whitepaper, improve your Freight Procurement RFQs and watch your success skyrocket: https://lnkd.in/dTeWk94w... #procurementinnovation #freighttransportation #expertadvice

Welcome back to week 2 of our series where we dive into procurement challenges that keep us all focused on finding solutions! 🎯 This week, we're tackling an issue that every procurement manager faces at some point—Cost Control and Savings. 💡 Balancing cost reduction while maintaining product quality and preserving strong supplier relationships is no small feat. 💬 Some key questions we’re all asking: - How can you negotiate better pricing without straining supplier partnerships? - What strategies are working for you when it comes to controlling spend across various categories? - Are you leveraging data and procurement technology to uncover hidden savings? - How do you ensure long-term savings while maintaining the value and reliability of your suppliers? Share your thoughts, insights, and real-world solutions in the comments. ⬇️ Let’s keep this conversation going and help each other find new ways to drive savings without compromising on quality!

There is an element of trust involved when it comes to procurement, but through our research we’ve uncovered many examples of IT suppliers swallowing up sector-specific discounts, or people paying unbelievable margins as high 1266%! Our guide shares key considerations to help you define and evaluate value when buying IT products: https://bit.ly/3X3q1Ay #ITprocurement

Our research suggests procurement departments are spending ample resources negotiating contracts that may yield less desirable results in terms of on-time performance (OTP) and cost savings metrics compared to buying transactionally and competitively. For instance, did you know the OTP of transactional purchases is on average 15% higher? Get all the details (including more graphs and stats) here: https://lnkd.in/etvgQzYj

FOOD FOR THOUGHT 🤔 Long-term agreements (LTAs) are a popular strategy deployed by buying teams to simplify procurement processes with the promise of cost savings and on-time delivery. However, according to our research, to achieve the highest absolute savings, automating sourcing across hundreds of suppliers (and buying transactionally) offers the highest cost-saving potential. Head over to our blog to learn more: https://lnkd.in/etvgQzYj What's your experience with LTAs? Let us know in the comments!

To integrate DEI into procurement, source goods and services in alignment with these values. Below are key tactics for your procurement, applicable regardless of a supplier diversity program: #DEIProcurement #InclusiveSourcing #SupplierDiversity #ProcurementTactics #EquityInProcurement #DiverseSuppliers #SourcingStrategies

🌟 Exciting Announcement for Procurement Professionals and Industry Enthusiasts! 🌟 Join us tomorrow afternoon (Friday, May 17 at 1:30 p.m. CDT) for a #LiveDemo on Enhancing Supplier Selection & Cost Efficiency! 💼💰 Chris Brown, our VP of Sales, will be sharing lessons on innovative strategies to streamline procurement processes and maximize savings! Don't miss out, there’s still time to register (link to register in the comments) 👇 #Procurement #CostEfficiency #SupplyChainOptimization #OptimizeWithCADDi