How Government Contractors Can Turn Procurement Into A Strategic Advantage

The supply chain has sustained multiple hits this past year from the pandemic to the Ever Given in the Suez Canal. These previously unthinkable scenarios have increased the importance of building and closely managing a healthy pool of vendors, subcontractors and suppliers, especially for those delivering on government contracts.

While patched together processes and countless emails may have worked in the past, it’s a more competitive and quicker moving market today. Government spending is expected to remain at current levels through this year, keeping demand high. On the same token, demands of government contractors are also expected to increase in terms of government oversight, closing of loop holes and increase cyber security standards. On top of this, many CFOs report that cost control is going to be increasingly important in upcoming months.

One proven method procurement teams are undertaking to help their companies thrive in today’s recovering economy is digitalizing and automating their processes. Watch this webinar to learn what digitalizing the entire source to pay process looks like, and how Costpoint’s industry specific reporting and process capabilities help your government contracting operation thrive.

How integrated CRM capabilities kick start projects most effectively
Why it is important to strategically source vendors
What processes can be automated to free workers from low value tasks to focus on more strategic projects
How integrated procurement improves cost control, vendor relations and simplifies subcontractor management
How to derive more value out of data for continuous business process improvement