CANSEC and CIPMM: highlighting the growing trend of social procurement

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At the end of one of the busiest stretches for the Commerce Decisions Canada team, it’s great to be able to reflect on some of the key takeaways from the recent CANSEC and CIPMM events.

As North America’s largest defence event, CANSEC is a great platform to meet with key decision makers and stakeholders working in the military and government sectors across the globe. We were delighted to see a lot of interest from visitors in some of our high-profile projects. These included the Future Fighter Capability Program, for whom we’re supporting the competitive procurement process to replace Canada’s fighter fleet.

The CIPMM National Workshop which followed on just a few days later from CANSEC, brought delegates together from across Canada and globally. It was an excellent forum for sharing current initiatives, policies and best practices. Following on from the success of previous years, Commerce Decisions once again hosted a breakout session. This year’s topic was ‘Evaluation Masterclass: Secrets to Success’ in which Phil Lear, International Account Director and Kimm Krueger, VP, Sales & Business Development, shared the secrets behind a successful evaluation to a standing room only crowd.

Phil and Kimm discussed how our AWARD® evaluation solution, which incorporates our own proven methodologies – Structured Criteria Development (SCD) and Real Value for Money (RVfM) – helps to maximise value for money, reduce cost and risk – as well as meeting environmental and sustainability metrics, otherwise known as ‘social value’ or ‘value proposition’ targets. They highlighted our work with a growing number of organisations around the world who now consider the delivery of effective social value as a critical factor in the achievement of the best possible procurement outcomes.

In fact, the subject of social procurement was high on the agenda at both events. And with the Canadian Government forecast to spend $180 billion in infrastructure over the next ten years, it’s no surprise it’s becoming an increasingly hot topic, both in this region and globally.

What’s the value of social procurement?

We’ve seen a growing trend in organisations considering the wider economic, social and environmental effects of their procurements. This is encouraging news given the numerous benefits; which can include the creation of new jobs, training opportunities and use of regional suppliers to encourage localised economic growth.

Our recent partnership with OMX exemplifies our joint dedication to supporting the varied complexities of global, strategic procurements. This collaboration will provide users with even more data and insights to support the delivery, tracking and measurement of the value promised by suppliers. Jointly we provide project teams with the capability to not only build an effective criteria set to drive the best possible socially-focused solutions from suppliers, but to ensure and measure their delivery.

To find out more about how we support social procurement initiatives please get in touch below or find out more here.