BLOGS
Global Procurement Summit 2019 (GPS 2019)
Submitted by : Dr. Gurbandini Kaur, All India Management Association
All India Management Association, in partnership with Ministry of Finance, Government of India and the World Bank organized the Global Procurement Summit 2019, on February 7-8, 2019 at New Delhi. The theme of the summit was Digital Disruption and Innovation: Future of Procurement. The summit brought together the global and regional procurement...
Role of Procurement Experts in Hiring of Consultancy Services
Submitted by : Vishal Chaudhary, Procurement Specialist
Contrary to Procurement of Goods, the Consultancy Services is a bit complex and requires much more attention, care and diligence, being intangible in nature. In procurement of Goods, it may be easier to define specifications and other allied details of goods and related services required. While in procurement of Consultancy Services, Terms of...
Use of IT for Monitoring Public Procurement in India
Submitted by : Amit Sethi, EY LLP
The days of Manual submission of bids in Public Procurement are numbered in India. In a process that started early in the year 2012-13 E Procurement has now more or less completely replaced Manual Procurement. But it dosen’t stop here as Information Technology is being increasingly used in Procurement Monitoring. Some key milestones stages at...
Positioning Procurement Department
Submitted by : Kushal Nagaraj, JC Penney Services India Pvt Ltd
Most important for a growing organization is how they position the Procurement / Sourcing department. Is your executive committee involving the procurement department as part of demand planning process or the annual operating plan (AOP)? Is the procurement department enabled with information on the company’s strategy for the next 3 years or 5...
Procurement is Know-How to Deliver Savings and Additional Value
Submitted by : www.procurement.org
The mistakes often belong to one or several of the following areas: a) structure of Procurement (on global level, category, etc), b) people management (roles and responsibilities, duplication of functions), c) matrix connectivity (influence and communications of Procurement with other functions), d) business processes (lack of agility and...
World Bank pushes for Open Tender System
Submitted by : Namini Wijedasa, The Sunday Times
A World Bank governance expert warns that the absence of open tendering for contracts is a cause for concern in any country. “Open tendering is extremely important,” stressed Felipe Goya, the Bank’s Governance Practice Manager for South Asia. “When you don’t see open tendering in a given country or society, it always raises a red flag....
Buying the Cheapest, the Biggest Myth about Procurement
Submitted by : www.procurement.org
It is saddening how some organizations still think the only idea of Procurement is to buy the cheapest. This leads to numerous erroneous opinions about Procurement function and profession in general. Because of this very myth, other departments within organizations try to avoid Procurement department while making strategic decisions. Consequently,...
Imminent! Transformation of the World Bank’s Procurement Framework
Submitted by : Robert Hunja, Director, Public Integrity and Openness, The World Bank
In keeping with recent global trends in the procurement arena, the World Bank is transforming and modernizing its procurement framework. In the private sector, companies have long viewed maximizing of supply chains as key to healthier bottom lines. In the public sector, many governments have been moving from overly rule-based procurement...