Procurement
Article Index
Procurement
1.1 The Procurement Process
1.2 Procurement or Supply Chain?
1.3 What Is Procurement Management?
1.4 What Is Public Procurement?
2.1 Examples of Procurement Awards
2.2 Supply Chain Excellence Awards
2.3 Five Traits of World-Class Procurement Organisations
2.4 Global Procurement Survey and Case Studies: A Digital Tipping Point?
3.1 Case Study of Dubai Ports World
3.2 Cronin Award Winner: eVA Mobile Apps
3.3 Cronin Award Winner: Missouris e-Procurement Readiness Initiative
3.4 Cronin Award Nomination: North Carolina Department of Administration (DOA)
3.5 Winner of GFOA Award for Excellence in e-Government and Technology
3.6 Open Government Partnership Award: Tunisia on-line e-Procurement System (TUNEPS)
3.7 7-Star Award for Benchmarking Project on Procurement: Dubai Municipality
4.1 Procurement Practice Guide: Government of Western Australia
4.2 Procurement Guide: New Zealand
4.3 e-Procurement Golden Book of Good Practice
4.4 Research Revealed: How Innovative Is Procurement?
4.5 International Public Procurement Conference
4.6 Procurements Next Frontier
5.1 Ten Tools for Procurement
5.2 Preparing for Negotiations with Your Key Suppliers
5.3 Procurement Implementation Maturity Model and Self-Assessment Tool
5.4 Ten Supply Chain Best Practices
5.5 The Six Core Purchasing Strategies
5.6 The Right Way to Do e-Procurement
5.7 Innovating for Effectiveness
5.8 EU Public Procurement Reform: Less Bureaucracy, Higher Efficiency
6.1 How Is Procurement Performing?
6.2 What Procurement Managers Track
6.3 Developing Evaluation Criteria
6.4 Procurement KPI Categories and Examples
6.5 Using Procurement Performance Indicators to Strengthen the Procurement Process
6.6 Measuring the Savings and Benefits of Procurement Activities
6.7 Public Procurement Performance Measurement
7. What do business leaders say about procurement?
This report outlines the best practice research undertaken by BPIR.com in the area of procurement. The best practices have been compiled under seven main headings. This layout is designed to enable you to scan subjects that are of interest to you and your organisation, quickly assess their importance, and download relevant information for further study or to share with your colleagues.

In This Report

  1. What is procurement?
  2. Which organisations have received recognition for excellence in procurement?
  3. How have organisations reached high levels of success in procurement?
  4. What research has been undertaken into procurement?
  5. What tools and methods are used to achieve high levels of success in procurement?
  6. How can procurement be measured?
  7. What do business leaders say about procurement?


The Definition

People sometimes confuse the terms ‘procurement’ and ‘purchasing’. Procurement refers to all work relating to the acquisition of those goods and services that are vital to an organisation’s functioning. Purchasing, which is the process of ordering and receiving goods and services, is a subset of procurement. Procurement is, therefore, a much wider process. It usually involves establishing fundamental requirements; sourcing activities such as market research, vendor evaluation and selection; negotiation of contracts; and, the purchasing of goods and services.

The Stage

What has an organisation to gain by developing its procurement capacity? The answer is simple: procurement management is essential for the sustainability of a successful organisation. It ensures the goods and services necessary for an organisation to thrive are obtained in the most cost-effective and efficient manner possible.
Good organisations understand that procurement is an overarching function that ties in with their overall business strategy. They treat procurement as a strategic function, one that has to be distinguished from the simple acquisition of goods and services. For example, a centralised purchasing strategy may concentrate all procurement activities in one main location; a single procurement strategy may mean using a single vendor with a proven track record of dedicated, excellent service; and, an emphasis on environmental responsibility may see an organisation develop a green purchasing strategy.
An organisation can spend more than two-thirds of its revenue on buying goods and services, so even a modest reduction in purchasing costs can have a significant effect on profit. Managing your procurement well can add value to all your organisational practices and reputation. It can also save you time and money.

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