Thursday, March 19, 2020
Major Trends Shaping the Procurement Industry
A former Senior Policy Advisor to the City of Atlanta's $15 Million Dollar parking program, Frederick Toca Jr. served the City in various functions since 2015. As a graduate of the University of Michigan Law School, Mr. Toca used his 15 years as a litigator and his 8 years working with corporate contracts to reform the way that the City of Atlanta's Department of Public Works organized and processed contracts. In fact, Mr. Toca developed and implemented a Contract Management System for the entire Department of Public Works in 2017. The nature of procurement in recent years has been changing in an intensely global environment. One of the main drivers of that change is increasingly unstable geopolitical forces.Trade tariffs and major political restructuring around the world are making it difficult to keep channels open and clear through a procurement process.
In part for that reason, the trend to build better relationships with suppliers is growing as well. This isn’t a new idea, but it’s seen as more of a priority now than ever before, as distrust on a global scale is growing.
Moreover, while procurement specialists are always looking to reduce spending, they’re increasingly willing to trade some savings for better value. Costs can be distributed in many ways, and cost avoidance or containment can be just as attractive to a procurement manager as direct savings. Mr. Toca's Contract Management Program took into account the globalization of Procurement and the changing nature of Municipal Contracting on a scale beyond the borders of Georgia.
In 2019, Fredrick Toca took his 5 years of experiences at the City of Atlanta and brought them to the private sector. Mr. Toca is currently working as a Senior Commercial Contract Manager for a global financial technology company.
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