How do you monitor expiry dates of your contracts?
Procurement professionals love framework contracts. The ones that last for 36 or 48 or more months. And it is indeed very convenient, you organize a tender once and then you simply manage the contract for years.
But sometimes we got used to established supply chain, regular, recurring deliveries and we forget about expiry dates. Even if suppliers continue to deliver and invoice you, working without a contract is risky for the following obvious reasons:
- 51% of all respondents still perceive that corrupt practices happen widely in business in their country
- 77% of board members or senior managers say they could justify unethical behavior to help a business survive
- Only 21% of respondents are aware their company has a whistleblowing hotline
Despite sporadic progress in tackling bribery and corruption across Europe, the Middle East, India and Africa (EMEIA), 51% of respondents to the biennial EY EMEIA Fraud Survey still perceive the problem to be widespread in their country....
The Benchmarking Public Procurement 2017 report presents cross-country analysis in 180 economies on issues affecting how private sector does business with the government. The report covers two thematic pillars: the procurement process and complaint review mechanisms.
Despite the importance of the public procurement market, little effort has been made to systematically and consistently collect reliable statistics on a number of critical dimensions. To date, no attempt has been made to collect comparable statistics on the siz...
The e-Procurement Golden Book of Good Practice was prepared by PricewaterhouseCoopers for the Directorate General Internal Market and Services (DG MARKT) of the European Commission.
Although the views expressed in this document are purely those of the writers and may not, in any circumstances, be interpreted as stating an official position of the European Commission, the paper outli...
Prepared by the NECCC Financial/Procurement Data Integration Work Group
This work group paper is intended to inform finance, procurement, and information technology professionals about how to more effectively integrate financial and procurement systems. The scope of the project grew from a narrower focus on just data integration to a broader objective of identifying best practices designed to promote successful integration of financial and procurement data.
The central thesis of this paper is that procurement and financial data...