Much investment has been made to centralize procurement and purchasing within organizational boundaries. Yet, much work remains to wring out savings across organizational boundaries. (more…)

Procurement professionals don’t have it easy. Not only are they responsible for managing transaction risk, but they must also advise on structuring the transaction to get the desired business outcome.

A good guide to assessing whether your Request for Proposal (RFP) will achieve the desired business outcome is to apply a risk-based test. Generally, risks may be considered to be an adverse event that negatively affects the business outcome for the project. (more…)

The District of Columbia is proving that the use of Web 2.0 tools can bring greater transparency, efficiency and competition to a procurement – at virtually no cost. And the tools are simple enough that anyone with moderate internet skills would be able to implement them. (more…)