Products related to Procurement:
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Building Procurement
As an industrial process, construction is unique. The procurement processes used to achieve the successful completion of built assets requires a different approach to that adopted in most other industries, due to the design of buildings being bespoke and the sites being geographically varied.The procurement process is central to the success of any construction project and many of the problems which impact construction projects can be traced back to the procurement phase, so a good understanding of the methods of procurement, the development of a procurement strategy and the influence it has on project success is essential for all those working in the industry. Much has changed in the global construction industry since publication of the second edition of Building Procurement, for example the increase in debt burden of many major economies, widespread adoption of Building Information Modelling (BIM) Technology in the industry and the United Kingdom's exit from the European Union.This new edition has been rewritten to take account of these significant developments, but at its core it continues to provide a critical examination and review of current procurement practices in the UK, continental Europe (including EU procurement procedures), China, Middle East and Sub-Saharan Africa and the USA.It retains its original strong emphasis on the need for clients to establish achievable objectives which reflect the project business case and focuses on development of suitable strategies and management structures to meet those objectives in the current construction climate. Building Procurement will be essential reading for senior undergraduate and postgraduate students of construction management and practitioners working in all areas of construction management.
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The Procurement Models Handbook
Building from the previous two successful editions, The Procurement Models Handbook is an essential resource for everyone working in the procurement profession, including those selling directly to it.The authors provide the reader with a useful guide to the business models most frequently applied in the procurement and supply chain arena. Procurement and supply chain management are two of the highest contributors to corporate success in the modern world.This third edition is a new revised international version with additional tools that reflect the value of procurement in our globally-connected world.The authors have included over 50 well-established strategic and operational models that have a proven track record of delivering value over years of practice.Each model is presented pictorially, with explanatory commentary on its practical application to support. These models are designed to save unnecessary cost and deliver significant benefits for their user and have been carefully selected by the authors based on their originality and usefulness for practical application in the context of procurement and the supply chain.The Procurement Models Handbook is an invaluable and enduring source of reference for practitioners and business managers, as well as an essential learning support for business and procurement students.
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Strategic Procurement in Construction
This book explores the appropriateness of procurement strategies in certain situations.It argues that organisations should develop strategically aligned supply chains to deliver predictable and sustained performance improvements and asserts that the assumption that one approach is appropriate to manage all cirumstances is flawed. It provides a framework to help organisations develop segmented approaches in the management of their construction supply chains built on 'fit-for-purpose' relationships.Flowing from this, the appropriateness of operational tools and techniques to effectively manage the critical processes in supply relationship management are also analysed.T
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Digital Transformation in Procurement : Plan, Execute and Adopt a Successful Digital Procurement Programme
With digitalization a consistent theme on every procurement leader's agenda, this book provides a practical approach, empowering leaders to skilfully navigate the intricacies of digital transformation in procurement. Many procurement leaders struggle to deliver their digitalization agendas due to slow, costly and underwhelming results.Digital Transformation in Procurement is designed to help procurement leaders embrace digital transformation and drive top-line growth.Covering the essential success factors, the impact of digitalization on people, organization processes and technology, this book helps leaders in procurement make digitalization transformation a success and deliver value at scale. Exploring the impact of digital transformation on procurement, this book covers key challenges, new technologies and how procurement leaders can make digitization work for them.Digital Transformation in Procurement is a practical resource offering valuable insights, frameworks and examples from global procurement transformation programmes.Taking a holistic approach to digital transformation, this is the book every procurement leader needs to launch their new procurement strategy for the digital age.
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What is personnel procurement?
Personnel procurement refers to the process of acquiring, recruiting, and hiring employees for an organization. It involves identifying the staffing needs of the organization, sourcing potential candidates, conducting interviews, and selecting the most suitable candidates for the job. Personnel procurement is essential for ensuring that an organization has the right talent in place to achieve its goals and objectives. This process also includes negotiating job offers, onboarding new employees, and managing the overall recruitment process.
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What are procurement objects?
Procurement objects refer to the goods, services, or works that an organization or government entity needs to acquire through the procurement process. These objects can include anything from office supplies and equipment to construction services and infrastructure projects. Identifying and defining the procurement objects is a crucial step in the procurement process as it helps to determine the specific requirements and specifications for the goods or services being procured. This information is then used to create procurement documents, such as requests for proposals or invitations to tender, which are used to solicit bids from potential suppliers or contractors.
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What is the difference between material procurement and goods procurement in accounting?
Material procurement refers to the process of acquiring raw materials or components needed for production, while goods procurement involves purchasing finished goods for resale. In accounting, material procurement is typically recorded as inventory on the balance sheet until it is used in production, while goods procurement is recorded as inventory for resale. Material procurement is more common in manufacturing industries, while goods procurement is more common in retail or distribution industries. Both types of procurement involve purchasing items for the purpose of generating revenue, but the timing and purpose of the purchases differ.
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What is a procurement budget?
A procurement budget is a financial plan that outlines the expected costs associated with acquiring goods and services needed by an organization. It includes expenses such as purchasing raw materials, equipment, and supplies, as well as costs related to outsourcing services or entering into contracts with suppliers. The procurement budget helps organizations allocate funds efficiently, monitor spending, and ensure that the necessary resources are available to support their operations. By carefully managing the procurement budget, organizations can optimize their purchasing processes and achieve their financial goals.
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Procurement and Supply Chain Management
Now in its eighth edition, this trusted Procurement and Supply Chain Management text provides a complete introduction to the important principles underlying the subject area using a flexible managerial perspective.Fully updated and restructured to reflect contemporary thinking and practice, this highly respected textbook covers the latest developments in procurement and supply chain management with clear and well-structured content.Strong case studies that are relevant and engaging complement the content and bring the subject to life.
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Effective Procurement of Ground Investigation
Effective Procurement of Ground Investigation is a client’s best practice guide to procuring good quality ground investigations which will ensure that ground related and other risks are suitably and sufficiently assessed and that the required data is obtained to meet the project objectives.Procurement should follow a structured process from planning, through risk assessment to choosing the most appropriate procurement approach, conditions of contract to development of the specification. Clients often underestimate the potential cost of not assessing and managing ground related risks and that inadequate or poor ground investigations can result in serious delays and additional costs to projects.This guide describes the significant risks which may occur as part of the investigation process and explains the importance of early contractor involvement for their identification and management prior to commencement of the investigation.It also explains why clients who fairly allocate those risks, obtain a more value for money ground investigation. It is essential that the client creates a team which has the appropriate competence and proven track record from the ground investigation adviser, designers to the ground investigation specialists.Adequate ground investigations can only be developed by a flexible process led by competent individuals who truly understand the investigation methods, the importance of supervision and that this type of work is likely to encounter unknowns and uncertainty. Effective Procurement of Ground Investigation is intended primarily for Clients but construction professionals such as civil and structural engineers, architects, developers and other procurers will benefit from using this guidance. Prepared by Julian Lovell and Matthew Baldwin on behalf of the Association of Geotechnical and Geoenvironmental Specialists.
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Public Procurement : Theory, Practices and Tools
This upper-level open access textbook uses an interdisciplinary perspective to discuss the ‘what and why’ of public procurement, providing insight into the ‘how’ of contemporary procurement in the public sector.The authors use theories and exemplary practices to show the next generation of public procurement professionals how public value can be created via the acquisition of works, supplies, or services by organizations operating in the public domain.Perfectly tailored to university students in public administration, law, economics, or management and those in executive education, the book first describes and explains the public procurement process, the concept of public value, the legal context of procurement and how the procurement function is organized in public organizations.The book subsequently explains how a procurement policy can be developed and translated into a procurement strategy, how tenders can be organized, suppliers selected, and contracts designed and evaluated.Afinal discussion chapter addresses the changes and developments in public procurement and how public procurement is moving forward.The reader of this innovative and accessible book will therefore not only learn what public procurement entails, but also how they can become a professional change agent in the field of public procurement.Forward-thinking and comprehensive, this book offers ideal reading for anyone interested in public procurement.
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NEC3 Procurement and Contract Strategies Guide
Fully revised and updated for 2010 to include the new NEC3 Supply Contract. this unique addition to the NEC3 suite of documents provides guidance for users of NEC in determining the procurement and contract strategies to meet project objectives and in the application of contracts from the NEC3 family in meeting these strategies.Construction Clients' Board endorsement of NEC3The Construction Clients' Board (formerly Public Sector Clients' Forum) recommends that public sector organisations use the NEC3 contracts when procuring construction. Standardising use of this comprehensive suite of contracts should help to deliver efficiencies across the public sector and promote behaviours in line with the principles of Achieving Excellence in Construction.
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What is a procurement practice?
A procurement practice refers to the process of obtaining goods, services, or works from an external source. This can involve activities such as sourcing suppliers, negotiating contracts, and managing relationships with vendors. Effective procurement practices are essential for organizations to ensure they are obtaining the best value for their money and are meeting their business objectives.
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What is a knv procurement?
A KNV procurement refers to the process of acquiring goods or services through the Koninklijke Nederlandse Vervoer (KNV), which is the Royal Dutch Transport organization. This procurement process involves the purchasing and sourcing of transportation-related products or services, such as vehicles, equipment, or logistics services, to meet the needs of the organization. KNV procurement aims to ensure that the organization obtains the best value for its transportation-related purchases while adhering to ethical and legal standards.
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What are procurement and storage costs?
Procurement costs refer to the expenses associated with acquiring goods or services from suppliers, including the cost of purchasing, negotiating contracts, and managing supplier relationships. Storage costs, on the other hand, are the expenses related to storing and managing inventory, such as warehouse rent, utilities, insurance, and labor. Both procurement and storage costs are important considerations for businesses as they directly impact the overall cost of goods and services. Effective management of these costs is crucial for optimizing supply chain efficiency and profitability.
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Why are procurement processes not success-effective?
Procurement processes may not be success-effective due to a variety of reasons. Some common factors include lack of clear communication between stakeholders, inadequate planning and forecasting, insufficient supplier evaluation and selection processes, and poor contract management. Additionally, issues such as limited transparency, ineffective risk management, and inadequate performance monitoring can also contribute to the lack of success in procurement processes. Addressing these challenges through improved strategies, collaboration, and oversight can help enhance the effectiveness of procurement processes.
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