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Procurement Sense Magazine Digital Download

19/5/2015

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Reproduced from Content Gems and all rights are reserved. Procurement Sense is an annual trade publication that explores trends and innovation in the business of procurement and purchasing. It features insights from leading international experts and explores topics that include technology, operations, supply chain, finance and business processes. Click here to check it out.
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Managing A Partial Evalution

25/3/2015

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Introduction

It is critical that the mathematical integrity of an assessment model is maintained and this can be difficult when one or more assessors have the skills, time or inclination to complete only a partial assessment. This article describes various methods that can be used to ensure the integrity of the model is maintained when assessors carry out incomplete assessments.

The Problem Statement

Let’s look at an example. The BUSDOX Technical Assessment Model caters for 1,000 individual selection criteria broken down into 10 Groups with each Group containing 10 Sub-groups and each Sub-group containing 10 Items. Of course, in most situations less than the full complement of 10 Groups will be used as will be the case for Sub-groups and Items. The following figure makes this clear.

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What is Financial Matching and Why Do We Do It?

20/2/2015

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One of the very important validation activities used by savvy procurement managers during the evaluation process is the matching of the bidders’ responses to the technical and commercial requirements schedules and the bidders’ responses to the financial schedule.

In a nut shell, the idea behind technical and commercial to financial matching, shortened to “matching”, is to ensure all bids are evaluated fairly and on a like-for-like basis. To use the common jargon: “We need to ensure we are comparing apples with apples”.

The following diagram shows the process which is described in the text below.

Introduction


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The 7 Most Common Sourcing Strategies

18/1/2015

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The sourcing strategy or response strategy defines the type of procurement event that will be undertaken, for example, RFI, RFP, RFQ, or RFT. The following paragraphs define the 7 most common sourcing strategies:
  • Request for Application (RFA)
  • Request for Documentation (RFD)
  • Expression of Interest (EOI)
  • Request for Information (RFI)
  • Request for Prices / Request for Quotation (RF$ / RFQ)
  • Request for Proposal (RFP)
  • Request for Tender (RFT)

Introduction


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BUSDOX Products

13/12/2014

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Summary

The products of BUSDOX are business process artefacts contained within the Libraries of Artefacts. Unlimited access is provided to this library for BUSDOX clients, for the once-only low cost, equivalent to less than a day of a consultant's fee.

The library consists of three types of artefacts: a detailed step-by-step process guide and associated support tools and documents; a collection of invaluable document templates; and, a suite of models covering the technical, commercial and financial aspects of the business process of procurement.

Inclusions

BUSDOX clients will be provided with the following:

  • All artefacts in the library, for the business process of procurement management
  • Email notification of all updated and new documents which they are at liberty to access
  • Access to all podcasts, training material and tutorials
  • A guarantee that we will repair, at no cost to the client, any source artefacts found to be in error
  • Any suggestions you propose regarding development of additional artefacts will be given priority in our development plans, subject to a broader potential interest

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BUSDOX Values

21/11/2014

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  • Delight clients
  • Ensure quality and conciseness
  • Build open and honest relationships
  • Create ongoing, win-win partnerships
  • Be innovative, creative and courageous
  • Be open-minded to client feedback and improved ways
  • Pursue growth and learning

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BUSDOX Mission

8/11/2014

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We enable our clients to achieve quality outcomes for specific business processes, in a timely and cost effective manner. We do this by providing access to high quality, tested and proven artefacts, stored in our online libraries. We also offer the services of experienced professional consultants, project managers and technical writers, in these same specific business processes.

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BUSDOX Vision

7/11/2014

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Our online libraries enable our clients, worldwide, to achieve high quality outcomes in the execution of their business processes.

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BUSDOX Logo

4/11/2014

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New logo.

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    Author

    I have been involved a most aspects of procurement management and have spent a substantial part of the past 25 years working and learning the business. My most recent client was Australia Post where I successfully managed, on their behalf, a large Procurement Event for a replacement of Australia Post’s mid-range computing platform.

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    cmwilson@netspace.net.au
    www.busdox.com
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