Tag: data analytics

Data Analytics

Does Your Data Work for You?

One undeniable result of today’s digital environment is that we now find ourselves immensely and overwhelmingly surrounded…by data. Forward-thinking offices are turning their analysis inwards, using data to track and improve procurement performance.  How are you using the data your office collects?  Pulse is here with a look at 3 award-winning examples of how data can work for you.  

 

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NASPO Events & Education

To Growth and Beyond: NASBO Fiscal Survey of States

It’s important to stay up-to-date on the nationwide trends for revenue and state spending. These trends affect the resources available for you to do your work and the long-term financial health of your state. 2019 marks the ninth consecutive year of moderate growth in both state spending and revenue growth according to currently enacted budgets. General fund spending for 2019 grew by 5.8 percent when compared to general fund spending in 2018. This increased general fund spending is followed by a projected 4 percent growth in general fund revenues for 2020 with a 3.7 percent increase in projected general fund spending based on proposed governor budgets. Let’s examine the current and projected financial situation of states further.

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Data Analytics

Keeping up with the Economy: Local Economic Multipliers

Approximately 30 states have adopted preferences for small or local businesses and 37 states also have “reciprocal laws” which add a percentage increase to out of state bidder’s proposal when compared to in-state bids. These local preferences can have a significant impact to a state’s economy. Purchasing in-state will not only increase a state’s revenue through sales and other taxes, but also have a broader impact on the local economy through the multiplier effect. Read more “Keeping up with the Economy: Local Economic Multipliers” →
NASPO Events & Education

Build Today for a Better Tomorrow

NASPO’s Higher Education initiatives are built upon our relationships with academic partners. After more than three years of working with these impressive academics and their students, the answer to a need of our membership often lies with one of our partner schools. NASPO encourages its membership to participate in academic partner career fairs, case competitions and many other events, but the ultimate goal is to build an example for the states to model when reaching out to their local institutions. NASPO has worked to establish relationships with top-tier Supply Chain Management programs across the country. Of course, the primary goal in everything we do is to serve our members, and these partnerships are no different.

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Data Analytics

Meaningful KPIs in Four Easy Steps

Have you been tasked with developing Key Performance Indicators (KPIs) for your organization and don’t know where to begin? This quick primer can put you on the fast track!
We’ve all heard different variations of the phrase, “what gets measured gets done,” but how much of that is really true? What and how much of our activities do we need to measure to know whether or not we have achieved the desired results, and what changes to make moving forward?
Measuring and tracking key activities can incentivize employees to perform well and achieve success in specific areas. However, sometimes organizations can fall into the “metric trap” and drive for raw activity numbers rather than focusing on truly measuring key activities that influence their success. So how can we avoid inverse response behavior, where managers and employees end up focusing too much on numbers? Here are a few key questions you should ask before setting out on a performance measuring journey:

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