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The fastest way for any public or private sector organization to make money is to invest in the latest state-of-the-art procurement methods.
In government procurement, it is critical to carry out the purchasing function properly, keeping all policies and procedures up to date and current with the laws applicable to each province.It is equally necessary to give effect to those bylaws, policies and procedures to have an appropriate resourced procurement system that has the capacity to carry out the core responsibilities assigned to it, and to develop, improve, deliver and manage the performance at all levels.
The private sector also has challenges in this area. The art of negotiation has seen great advancements as well over the decades that need to be incorporated into the new purchasing philosophies for greater cost savings. They must understand the relative priority of the organization’s objectives to be able to assess the importance of any concession brought forward.
Hiring an experienced purchasing person, or purchasing consultant to write as well as respond to major construction or service contracts, may be the difference between you making, or losing, large sums of money.
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