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Category: Procurement

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Trump’s Budget Blueprint & Government Procurement

Trump’s Budget Blueprint & Government Procurement

On May 4, President Trump signed a $1.1 trillion short-term budget bill into law to avoid a government shutdown and to fund the federal government through September. The details of this deal differ from his budget blueprint. Nonetheless, IBISWorld expects that many of the proposed cuts and funding increases outlined below will be on the […]

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The New Interactive: Teaching & Technology in the 21st Century

The New Interactive: Teaching & Technology in the 21st Century

For a generation raised on iPads and smartphones, keeping technology out of K-12 classrooms is simply not an option anymore. Although there is still some debate over the benefits of using electronics in education, more school districts are opting to teach the next generation by speaking their language: instruction through technology. As tax revenue and […]

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Price & Profit: Effects of the 2017 Oil & Gas Recovery

Price & Profit: Effects of the 2017 Oil & Gas Recovery

The new year has brought with it changing opportunities for businesses to take a more strategic approach to procurement. This is of particular interest in 2017, as the strengthening economy has prompted price growth across many markets — particularly those dependent on crude oil and natural gas, which have risen considerably in cost following a […]

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Procurement, the Trump Administration & the Road Ahead

Procurement, the Trump Administration & the Road Ahead

On February 28, President Trump spoke to a joint session of Congress for the first time, presenting a broad first-year legislative agenda that focused on a renewal of American jobs, infrastructure, the military, and an America-first approach to issues like immigration and trade. Although details are scant and congressional legislative timelines are still being worked […]

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Find Your Focus: Factors To Consider When Calculating Risk

Find Your Focus: Factors To Consider When Calculating Risk

While every market faces its own unique challenges and growing pains, there are some markets that are more risky than others. IBISWorld has identified three criteria that buyers can use to more accurately evaluate the market: supply chain risk, supplier profitability and financial risk, and price driver volatility. Understanding market dynamics and the underlying risks […]

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Is Your Network Protected? Cyber Crime in the Age of Information

Is Your Network Protected? Cyber Crime in the Age of Information

Within the last four years, online security and data breaches have grown increasingly threatening, compromising big name companies such as Target, Home Depot and Sony Corporation. Yahoo became the most recently identified victim of a major hacking in mid- December of 2016, although the breach dates back as far as 2013. The attack compromised 1.5 […]

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Four New Years Resolutions for Businesses in 2017

Four New Years Resolutions for Businesses in 2017

A New Year brings a fresh start, and with it the chance to improve efficiency and productivity in 2017. But making New Year’s resolutions is not something limited solely to individuals; businesses can stand to benefit from making smart goals too. While about 36.0% of New Year’s resolutions are kept for less than a month, […]

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Five Emerging Markets to Watch in 2017

Five Emerging Markets to Watch in 2017

With 2017 fast approaching, IBISWorld has identified products and services that businesses should watch due to demand growth and rising regulatory change. These newly emerging technology products and services are less than a decade old and are quickly entering the mainstream. Emerging markets generally face significant regulation due to uncertainty surrounding the affect that these […]

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Spend Smarter This Holiday Season

Spend Smarter This Holiday Season

Holiday sales are expected to reach a stunning $630.5 billion in 2016, up 3.7% from last year, according to the National Retail Federation. But between the upcoming holiday season and the end of the fiscal year, retailers and consumers aren’t the only ones gearing up for serious seasonal spending. Businesses of all kinds are preparing […]

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Against the Odds: Negotiating in 7 Difficult Markets

Against the Odds: Negotiating in 7 Difficult Markets

Procurement today involves regularly changing landscapes, fluctuating commodity costs and increasing globalization. While these factors have the potential to create a buying environment where procurement professionals benefit, they can also negatively affect how much power buyers have when everyone sits at the negotiation table. A market with a low buyer power score indicates that buyers […]