May 17, 2020

Jaggaer One platform wins "Most Innovative Technology" at Procurement Middle East Awards

JAGGAER
Jaggaer One
Bahrain
Procurement
Harry Menear
2 min
Jaggaer has been honoured at the third annual Procurement Middle East Conference in Bahrain for its new Jaggaer One Spend Management Tool
Jaggaer, the world’s largest independent spend management company, has been recognised this week at the third annual Procurement Middle East Conferenc...

Jaggaer, the world’s largest independent spend management company, has been recognised this week at the third annual Procurement Middle East Conference in Bahrain. The company’s Jaggaer One Spend Management Platform received the top prize in the “Most Innovative Technology”.

The company launched the technology in the Middle East two days previously. Hossam Refaat, Managing Director for Jaggaer Middle East and North Africa collected the Award from H.E. Eng. Basim Bin Yacob Al Hamer, Chairman of Bahrain Tender Board and Dr Mohamed Bahzad, Secretary General, Bahrain Tender Board.

“The Jaggaer One Spend Management Platform integrates the most innovative procurement software on the market, yet the proposition is clear and simple: All Processes, All Spend, One Platform. Our mission is to empower procurement professionals by simplifying, streamlining and automating business processes. And this clearly appealed to the judges,” commented Refaat at the ceremony.

The Middle East is a high growth region for Jaggaer. The company is reportedly working closely with the Kingdom’s digital transformation efforts as it embraces the latest generation of smart procurement systems, commonly referred to as Procurement 4.0.

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The Jaggaer One platform was officially launched in the US in February 2019. Developed over the previous 15 months, the platform represents the next stage in the evolution of our company and is the most complete business-to-business spend management offering available globally. It was developed with market and customer input and is a solution that any business can rely upon and scale as it transforms its procurement operations,” commented Robert Bonavito, Jaggaer CEO.

The platform is designed to meet the requirements of multiple industries, institutions and sectors including Manufacturing, Transportation, Pharmaceutical, CPG, Retail, Education and the Public Sector. Modine Manufacturing, Hyster-Yale Group, Varian Medical Systems, Carl Zeiss, Illycaffe’ and the University of Colorado are already confirmed as users.

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Jun 10, 2021

Will Public Procurement Budgets Increase in 2021?

supplychain
Procurement
budgets
strategies
3 min
Often overlooked, government procurement professionals will play a critical role in helping communities, and local businesses recover from the pandemic

Procurement is more than just a private enterprise. COVID-19 reminded us that sourcing materials is an essential part of the government’s role. Throughout 2022, tiny departments sourced massive amounts of personal protective equipment (PPE), medical supplies, and emergency vaccines and testing kits. Even non-procurement professionals were pulled into the fray, as frantic timelines demanded nothing less. 

According to Celeste Frye, co-founder and CEO of Public Works Partners, the crisis brought procurement to the attention of skilled employees who had never considered it. As non-procurement personnel stepped up to help their coworkers, many found that they’d stumbled upon a critical and rewarding job. “Existing public employees have seen the essential nature of the work”, Frye said. “[They’ve] gained some critical skills and possibly [grown] interested in pursuing procurement as a longer-term career”. 

Small, Local Suppliers Take Charge

Frye, whose firm helps organisations engage stakeholders and develop long-term procurement strategies, thinks it well worth the effort to open one’s mind to new opportunities. Cooperative contracts, for instance, can help public departments and municipalities save money, time, and effort. By joining together with other towns or cities in the region, public procurement teams aggregate their purchasing power and can drive better deals. 

These cooperative contracts have the added benefit of advancing equity. Smaller suppliers that struggle to compete with established firms for government contracts can act as subcontractors, helping big suppliers fulfil bits of the project. Once they get their foot in the door, small, local, and disadvantaged suppliers can then leverage that government relationship to take on additional projects. 

Especially as governments start to pay attention to procurement resilience, public procurement departments must expand their requests for proposals (RFPs) to take into account innovative solutions and diverse suppliers. According to Frye, Public Works Partners—a certified female-owned firm—has benefitted from local and state requirements that specify diversity. 

Post-Pandemic Funding Swells Procurement Budgets 

And the pandemic won’t be the end of it. City governments need to build sustainable energy infrastructure such as solar panels, charging stations, and recycling plants, ensure that masks and medicines are never in short supply, and source new technologies to keep up with cloud and cybersecurity concerns. 

Public procurement budgets will likely increase to match demand. As Peter Ware, Partner and Head of Government at Browne Jacobson, explained, “in a non-pandemic world, the [U.K.] government spends on average around £290 billion on outsourced services, goods, and works...anywhere between 10% and 14% of Gross Domestic Product (GDP). Post-pandemic, city procurement will only increase as national governments provide local divisions with emergency funding.
And in truth, government employees might jump at the opportunity. Frye noted that public procurement could give immediate feedback on new programmes: “[Procurement] is where new laws and policies ‘hit the road’ and are implemented”, she said. “Professionals in these fields get the satisfaction of creating real change and seeing quantifiable outcomes of their work”.

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