Indigenous Procurement Services Canada

Indigenous procurement services help to sustain aboriginal peoples’ business in Canada. The economic development of Canada is directly proportional to the economic growth of the Indigenous communities. So, the path to uphill this is going through the economic development of aboriginal businesses.

What is Indigenous procurement?

In simple words, Indigenous procurement is buying goods and services from the indigenous-owned business. Indigenous procurement boosts aboriginal business and economic development of the indigenous communities of Canada. According to a study did by TD four years ago, the value of the indigenous business market is 31.6 billion dollars.

Need of The Indigenous Procurement Services

Indigenous entrepreneurs need a source or platform where they can find indigenous procurement opportunities available in pan Canada. Because before to get the opportunities they need to identify it.

ItsTimeForChange is an economic inclusion platform where indigenous business owners find thousands of federal and private procurement opportunities. Join ITFC for free today.

This type of organization helps businesses to identify the right procurement opportunities and make the complete procurement process easy for owners.

Benefits of Outsourcing Procurement Services

While running a business, it becomes difficult to analyze and grab the right procurement opportunities around you. So when you hire or collaborate with procurement services they make easy the whole procurement process.

Some of the other benefits of hiring procurement services are:

Reducing costs

One of the main advantages of procurement services is they reduce the operational cost by purchasing supplies and services at the best market price. This is the primary goal of the procurement services.

When you manage the process it becomes difficult to determine the expenditures due to the lack of experience. It leads to an awful experience for you and costs you as much as you don’t plan.

Visibility of spend

A transparent spending process is a key to cost-saving. An effective procurement process has visibility to the organization’s total expenditures, which gives the ability to reduces the cost of the complete process.

However, it’s can’t possible to manage the expenditures if you can’t see them. So, visibility of the total spend helps to complete a successful and effective procurement process.

Productivity

The other purpose of outsourcing the procurement process is to utilize the complete process to its maximum.

Each thing or administration being sourced ought to contribute, straightforwardly or in a roundabout way, toward cutthroat situating. At the point when an association has a powerful acquisition measure, acquirement can take out redundancies in the activity, advance cooperation, and recognize great and failing to meet expectations providers.

A proficient acquisition measure furnishes an association with economies of scale, which permit it to diminish expenses and produce more for less, making an upper hand. Productivity inside your provider connections permits your acquisition group to effectively decide your providers’ capacities, interests, intensity, and monetary strength, which will enable you to improve your provider base, getting rid of underperformers, and working with providers that can upgrade your association’s upper hand.

Controls

When you outsourcing the procurement process it gives better control over the whole process. The procurement service provider controls the complete cycle from purchase requisition, requisition review, solicitation process, evaluation, contract, order management, invoice approvals, disputes, and record keeping.

Using technology

Using technology improves the efficiency and speed of the procurement process. It also eliminates the hassle of handling manual document storing. Adaption of technology increases the data accuracy and makes the procurement process transparent.

So these are the benefits of the outsourcing procurement process to a company that builds strategy, handles the process, and maintains the relationship. ITFC is one of the companies that helps in the economic development of Indigenous communities of Canada. ItsTimeForChange offers procurement services such as help to find the best procurement opportunities, make planning, and strategy to successfully complete the contract.

Article originally published at: Indigenous Procurement Services Canada

Best Indigenous Procurement Services for Indigenous Canada

 

Indigenous Procurement Services

Indigenous Procurement Services for Aboriginal Businesses of Canada

Indigenous procurement opportunities are the path for the economic development of Indigenous businesses in Canada. The federal government of Canada is running business development programs and offering indigenous procurement services for the development of indigenous-owned businesses.

The government of Canada initiates the Procurement Strategy for Aboriginal Business (PSAB) policy to help the indigenous businesses with procurement opportunities in the Federal government.

But due to the lack of knowledge and resources, Aboriginal businesses of Canada miss the opportunities to grab those federal government procurements.

Therefore to help First Nations, Metis, and Inuit-owned businesses different private organizations provide procurement services to these aboriginal businesses. That boosts the economic development of the aboriginal peoples of Canada.

It’s Time For Change (ITFC) -

ITFC is one of the best private organizations in Canada that offers procurement services for Indigenous business development. ITFC helps indigenous peoples to identify available procurement opportunities.

A social impact platform that recognizes that an engaged economic inclusion network will provide benefits to Canada’s Indigenous communities, their businesses, and the non-indigenous business community!

Government of Canada -

The government of Canada has started the initiative and support programs to help the Aboriginal businesses. Officials of Canada know the importance of the aboriginal communities in the national economic development country.

They are running support, training, and initiative programs to boost the economic growth of indigenous peoples of Canada. Different indigenous services running by the Canadian Government to support indigenous economic development are

• Selling your innovation
• Procurement and business support services
• Procurement strategy for Aboriginal businesses
• Indigenous business directory
• Information technology infrastructure procurement
• Green procurement
• Engaging with bidders and contractors
• Report fraud in government contracts

Canadian Council for Aboriginal Business (CCAB) -

CCAB is a bridge between indigenous businesses and non-indigenous businesses of Canada. It helps aboriginal peoples to connect with the non-aboriginal populations, enterprises through the programs.

It supports the growth of indigenous businesses through diverse programs, business awards, events, network building, and training.

The Canadian Council for Aboriginal Business (CCAB) positions Aboriginal business at the point of convergence for reinforcing Aboriginal people groups, advancing reformist and prosperous connections, and growing another economy dependent on common regard and shared success.

CCAB gives a variety of business advancement contributions, including accreditation for Aboriginal-claimed organizations (CAB) and organizations with Progressive Aboriginal Relations (PAR). TFAB (Tools and Financing for Aboriginal Business) associates Aboriginal business people with instruments, preparing, and organizations to fortify and scale their organizations.

Indigenous Corporate Training Inc. -

Indigenous Corporate Training Inc. (ICT) is an organization that offers training for the economic development of Indigenous communities.

We do this by giving a protected preparing climate to students to secure the information, abilities, and disposition needed to be powerful.

Native Corporate Training Inc. (ICT) was established in 2002 by Bob Joseph, a Gwawaenuk Nation member who is a guaranteed Master Trainer, with a foundation in business organization and a previous partner teacher at Royal Roads University.

Summing Up

These are the best organizations in Canada for the Economic Development of Indigenous Businesses. These organizations are running several different programs to support the economic development of Indigenous businesses and help to find and grab the indigenous procurement opportunities available in Canada.

Indigenous procurement services offered by these organizations help small aboriginal businesses to make a strategy for the economic growth of local businesses of First Nations, Metis, and Inuit communities.

Article originally posted at: https://itstimeforchange.medium.com/best-indigenous-procurement-services-for-aboriginal-businesses-development-b028eb129699