What Are The Types of Procurement?

Procurement Explained:

Procurement is a process of acquiring and purchasing goods, services, or work from an external source, often via a tendering or competitive bidding process.

Procurement is essential for businesses to fulfill the necessity of goods, services, or work that they require. Procurement involves two companies, the buyer and the seller.

Procurement involves making buying decisions under conditions of scarcity. It ensures the buyer receives goods, services, or work at the best possible price with the constraint of a fixed date, time, quantity, or place.

Several procurement services in Canada help businesses to a successful procurement process. You can join the economic inclusion networks to boost your business growth.

Need of Procurement in Business:

Procurement is a step in knowing supply chains because it helps a business find reliable suppliers that can provide the best-priced goods and services that match the needs. That’s the case whether the corporation is seeking raw materials for manufacturing, a marketing services provider, or new office supplies.

For instance, if an organization needs another provider to offer continuous support for an uncertain period. For example, an email security arrangement — the acquisition cycle assists the organization with picking the provider that best meets the entirety of the business’ necessities at a sensible cost. It empowers the business to try not to sit around, cash, and important assets managing a deficient provider.

Types of Procurement:

Procurement can be several types depending on the mode of process and objects to be procured.
Procurement can be direct or indirect according to the mode of goods and services being procured. It can also be classified according to the acquisition of goods and services.

Direct Procurement

Direct procurement is the acquisition of goods that a business requires to manufacture the end products. For manufacturing businesses, it could be raw materials or components essential for production. For retail businesses, it includes purchasing products from wholesalers to resale to customers.
Direct procurement affects the manufacturing process and retail business directly. If the manufacturer and retailers don’t get the supply, it breaks down the whole cycle.

Indirect Procurement

Indirect procurement includes the purchasing of the goods and services that are required for day-to-day operation. It doesn’t affect the manufacturing process directly. It includes anything from office supplies and furniture to advertising campaigns, consulting services, and machine maintenance.

Goods Procurement

As it’s named, goods procurement is the purchasing of goods or physical items. But, it also includes purchasing software and IT equipment. Goods procurement can be both direct and indirect procurement.

Service Procurement

It centers around acquiring individuals based administrations. Contingent upon the organization may incorporate employing singular workers for hire, unforeseen work, law offices, or location security administrations. It might incorporate both immediate and backhanded acquisition.

Conclusion

These are the main types of procurement on the mode of acquisition of goods and services. Procurement is an important asset of manufacturing and other industries to fulfill their needs by outsourcing. Procurement is an economical, time-saving, and cost-effective solution. Every business depends on businesses to get their end products ready.

Article originally posted at: https://itstimeforchange.medium.com/what-are-the-types-of-procurement-bbb0bf2f1dae

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

Benefits of Recruiting Through Employment Services

Looking for employment services or staffing agencies that can hire highly qualified candidates for your business.

But have some questions in mind like:

• Does my business need employment services?

• What are the benefits of hiring through a staffing agency?

• What do employment services do?

In this article, you will get the answers to all your questions. Employment services can help your business by its employment solution to find the right employee for the job opportunities you are offering.

Complete employment services also assist job seekers to find the right job opportunity they are looking for.

If we talk about the last few months, the Employment Rate in Canada decreased to 59.60 percent in April from 60.30 percent in March of 2021.

Source: tradingeconomics.com

Employment services in Canada are regularly working to decrease the unemployment rate after the Covid-19 pandemic. Small businesses, large industries, and organizations are providing thousands of jobs for the job seekers even after getting affected by the covid-19 crisis.

Why Does Your Business Need Employment Services or Staffing Agency?

Hire employees, while running a business can be a hassle for you. You need to set up a team that can handle the process, start with estimating the manpower you need to find the most suitable and skillful employee, and finally hires them.

This process necessitates all time, money, and resources that can cost you more than you are considering if you are a novice. So, instead of this, you can choose employment services to do such a task. Thousands of employment services in Canada provide employment solutions in all provinces of Canada.

How Employment Services Helps You?

Employment services help you to fast the process of hiring, help to find well-qualified candidates, and reduce the risk. Let’s understand every point in detail.

Speed up Hiring Process-

The job market has become competitive for the past several years. Hence, the hiring process takes more time and is very difficult from the past.

Recruitment agencies have the data of job seekers filtered according to skills, preferences, and education. So, when you share your requirements with them, it's been very easy for them to choose the right candidate from the database they have, as per your request.

Flexibility-

Business Owners and CEOs trying to be more productive all the time. They always find ways to make sure each penny spent on the resources is going to help business. Many companies are holding back when hiring full-time positions.

Many companies prefer to hire part-time employees or when they only need them. Temp staffing allows them to hire employees temporarily at the season time of business.

Therefore, temporary staffing becomes the first choice for businesses depending on the demand, season, and occasion.

Reduced Risk-

Being an employer, you have to manage so many legal responsibilities like providing health and life insurance, covering taxes, and following labor acts and laws. Candidates come with financial risks especially when someone has to be fired and suddenly leaves the job. Employment services take care of all liabilities for you.

Staffing agencies reduce all the risks for you. Employment services consider job seekers that are ready to serve temporarily and agree to work under company norms and provisions.

Highly Qualified Candidate-

Don't choose the wrong candidate that can ruin your efforts and time. Employment services increase your probability to hire a high-qualified candidate among all applicants. The employment service of recruitment agencies has the option to select well-deserving candidates from the labor pool data.

Staffing agencies have data of candidates who have been interviewed and verified beforehand. Hence chances of hiring wrong and fraud candidates lessened by preprocessing.

Knowledge of Market-

While working for the different industries, sectors, locations, and levels of companies, staffing agencies have got enough knowledge of the market that helps in identifying the availability of talent, salary rates, future expectations, and complexity of hiring.

Hence, it's ever more advantageous for you to hire an employment service company for staff recruiting. You do not need to do market research and assessment whenever you need employees.

Extended Reach-

Finding the right candidate can be more difficult than it sounds. A candidate who is very specific with choices and very selective called  "Passive Talent" can take a longer time to be found. The candidate who is not active can also be very difficult to find.

Staffing agencies have their network, connection, and collaboration with other agencies. Each agency has the potential to leverage its network to connect with people. So, it becomes quite easy to find such candidates with an extended reach like this.

What Employment Services Do?

Best employment services are providing employment solutions to small businesses, organizations, and every industry. The process of hiring suitable employees for the respective job profile can be tedious and hectic for you when you are running a business.

So, hiring employment services that can hire employees for you is the best for your business growth, save your time, and cost of the hiring process.

In a Nutshell

Hiring staffing agencies to hire candidates for your business is always a good alternative. You can leverage the benefits of extended reach and market knowledge of the staffing agencies. You are ahead of your competitors by speeding up the hiring process and reducing the risk.

Article originally posted on : itstimeforchange.medium.com

Best Indigenous Employment Services in Canada

 

Inthis article, we look at the top indigenous employment services in Canada for the economic development of aboriginal peoples of Canada. These employment services work for the economic growth of First Nations, Metis, and Inuit community youth and help them become self-reliant and encourage them to get involved in Canada's economic growth.

As a report published online, the unemployment rate of Aboriginals in Canada from 2007 to 2019 decreased to 10.1 percent.

Numerous organizations endlessly work for the economic development of aboriginals in Canada and help to decrease the unemployment rate by providing thousands of employment opportunities in pan Canada.

Top Indigenous Employment Services in Canada Among The All

During the time of COVID-19, Indigenous populations lost their jobs and businesses being forced to close, and still continuously arise as a report published by Statistic Canada.

Reports from December 2019 to February 2020 show the unemployment rate at 10% of indigenous peoples of Canada.

So aboriginals who lose their jobs are looking for new employment opportunities to work and some organizations endlessly work to help such unemployed peoples.

These top indigenous employment services or job portals provide job opportunities to the Native / Indigenous / Aboriginal / First Nations, Inuit, and Métis job seekers in all provinces of Canada. Some of the job boards are as follow:

ItsTimeForChange / It’s Time For Change / ITFC -

ITFC is an economic inclusion network for the economic development of indigenous communities of Canada. It’s Time For Change is a uniquely Canadian solution for aboriginal peoples of Canada.

At ITFC, you can find business opportunities that help you to grow your business, procurement opportunities, and employment services in Canada.

ITFC offers Metis, Inuits, and First Nation communities indigenous services to guide and consult in economic growth.

Service ITFC offers to Indigenous Communities -

• Indigenous Employment Services
• Procurement Opportunities for Indigenous
• Employment Opportunities for Aboriginals
• Indigenous Liaison Job
• Business Development Services

Website: https://itstimeforchange.ca/

Native Jobs -

NativeJobs, a job portal especially designed for the native job seekers of Canada. On this job portal jobs are specifically for the Metis, Inuits, and First Nation job seekers of Canada.

Employers can post jobs here to hire the best talent. This job portal has the data of indigenous job seekers from all provinces of Canada. Employers can access this job portal 24x7 and 365 days a year after being registered successfully to this portal.

Services Offered by Native Job -

Services for Employers:

• Post Jobs — Employers can post jobs anywhere from Canada.
• Search Resume — Employers can search resumes to find the right talent for the specific job.

Services for Indigenous Job Seekers:

• Search Jobs — Aboriginal job seekers can search for jobs in specific locations of Canada with the help of advanced job search interfaces.
• Upload Resume — Native job seekers upload their resumes to get notified when they get hired for the jobs.

Website: https://nativejobs.ca/

Aboriginal JobCentre -

AboriginalJobcentre is the fastest-growing job portal in Canada for Aboriginal Job Seekers. AboriginalJobCentre dedicatedly works for the job assistance of native job seekers of Canada.

Thousands of jobs are listed on this unique website. You can find Part-time Jobs, Full-time Jobs, and Remote Jobs with a single click. More than hundreds of job categories are available for Inuit, Metis, and First Nation job seekers.

You can boost your career with the latest career opportunities according to your skillset.

Website: https://www.aboriginaljobcentre.ca/

Article originally posted on: https://itstimeforchange.medium.com/top-indigenous-employment-services-in-canada-7e285721a263

Holistic Approach to Economic Capacity Building

 

Wholistic or holistic-the struggle!

We are often asked what development approach to our inclusion and engagement network we embraced. Often, we used the words wholistic and holistic interchangeably!
But we were wrong! The correct term to describe our approach to economic capacity building is in fact “holistic”. When did the preverbal light go off? Like many of you, I suspect, when challenged to use a word in its proper context, go to the dictionary!

The word holistic is connected to holism, which focuses on the total entity and the interdependence of the diverse parts of this totality.

Such is the case when we speak about the economy. Its interdependence of the diverse sum of all its parts! This is truer in an Indigenous community than any other I have seen. 

The economic platform must start with jobs, job creation and the impact sustainable employment has on a family and community. Income is, as we have stated many times, in our opinion is the single most important social determinant of health. Healthy families create healthy communities. 

So, there are some facts worthy of repeating: Indigenous youth is the fastest-growing demographic in Canada. In fact, a recent study shows that by 2027 we will have close to 1 million indigenous youth! This is an incredible opportunity! Here’s another interesting fact. In Ontario alone, there is a labour shortage of 250,000 people! 

So, here’s the deal- ITFC has made it possible for companies, especially construction companies, associations, the resource industry, or anyone else for that matter to post a job and we will push it out to communities and become your HR specialist! Beyond your membership fee, we won’t charge you a dime! Job opportunities do not have to be “on reserve” believe it or not we have heard that from companies before!

Procurement –

So very important and on so many levels! Some companies are very familiar with Indigenous procurement practices and they don’t want to tell anyone! Seriously there are those who have benefited from restrictive policies and practices that have been forced upon Indigenous communities for decades! Things like – rapid response time on funding envelopes force communities to get the “three mandatory” quotes in order to proceed with a project within a specific time frame. Policies whereby an independent “authority” gets to decide whether or not a community has the capacity to fulfil the scope of work expected on a procurement opportunity within their community or traditional territory!
The ITFC economic inclusion network recognizes all types of Indigenous procurement and connects buyers and sellers in a hassle-free environment.

 If the federal government lies up to its commitment to ensuring that 5% of government spending includes Indigenous communities, their people, and businesses, procurement platforms like ITFC will be a critical part of the strategic economic growth plan of all Canadian companies.

These are two critically important features of the ITFC inclusion network, to learn more book a spot here and select your topic of interest and discover the real holistic capacity-building efforts of the ITFC economic inclusion network.

Article originally posted on: Holistic Approach to Economic Capacity Building

Seriously - ItsTimeForChange

 

When I read an article that annoys me, I usually just shake my head and move forward.  Today however I cannot without comment. It is unfortunate that the article that has upset me is from a source that I usually have great respect for, the Conference Board of Canada.

Yesterday I received my regular email and notification from the Conference Board of Canada. I glanced through all the headlines and seen the following;

STEM education must be reformed to engage Indigenous Youth!

Just under the headline and a generalized reference to a statistic that says jobs requiring expertise in STEM is growing at an astonishing rate, the author goes on to say:

“yet Indigenous youth remain underrepresented in skilled well-paid STEM jobs!

Where have you been?

Using the new and emerging acronym, (STEM), is just another way of speaking about education, using the acronym does not make it a more or less glorious subject!

So, for the record Indigenous people, teachers, leaders, chiefs both locally, provincially, and nationally have been calling for increased funding for Indigenous education and schools for decades.  

So instead of stating the obvious let’s talk about a solution, lets contact our local MP’s and show support for increased funding for education, for schools, for curriculum development for engagement!

Article originally posted on: http://blog.itstimeforchange.ca/seriously/

A Solution to A deplorable Statistic!

 

A Solution to A deplorable Statistic!

Only 6% of Canadian companies have an Indigenous Inclusion strategy!

In this article find out how a unique functionality on the ITFC economic inclusion network provides an effective solution for the other 94% of Canadian companies who do not have an Indigenous inclusion strategy.

There is so much going in the world today, it's more important than ever to share and learn from each other.

I remember someone say,

“I don’t learn a lot when I am talking but I learn a lot when I am listening”

I was profoundly moved by that statement.  The community based Indigenous liaison officer initiative we have brought to the economic inclusion network, Itstimeforchange.ca provides an opportunity for Canada’s corporate and business community to listen. Benefiting from an Indigenous engagement and inclusion opportunity on a more intimate level.

Providing a venue for corporate Canada to reach out, listen and learn from community members with specific experience and insights that can move their economic agenda forward. In doing so, we can not only elevate our own business interests, we can enhance the economic well being of Indigenous Canadians, their communities and businesses all across the country.

Within this process, we have an opportunity to embrace the diversity that we know benefits all Canadians!

Covid has crippled our economy.

What the business community has learned from this worldwide economic and health crisis is that we have to be more responsive, we have to be able to pivot, retool, adapt and embrace new ways of doing business.  We have learned that we can work from home and become even more productive. We have learned that embracing technology, enhancing our personal digital capacity will help us transition to a new economy.

The indigenous liaison officer will provide Canadian business with an opportunity to benefit from a community who have a vested interest in advancing the economic interests of those they interreact with. It’s easy for us who have worked with and for Indigenous communities, to speak of the amazing economic opportunity that exists, but for most business, the reality is that they do not know where to start!

Here is why. Only 6% of Canadian companies have an Indigenous inclusion strategy! Imagine out of 1.7 million businesses in Canada only 6% have Indigenous inclusion strategies and most of them are in the resource industry. This is the fifth year anniversary of the Truth and Reconciliation Commission’s final report and we still have so much yet to do! . How is it possible to think we are making a difference when 94% of Canadian business are not engaged!

What possible defence can the business community offer? They do have one. In discussions all across the country business owners cite the lack of meaningful and effective options to engage Indigenous Canadians, their communities and businesses. The focus here should be on the word “effective” as many have argued that conferences and assemblies are costly and rarely generate opportunity that justifies the costs. I spoke with a business owner in Maitland, Nova Scotia and a member of one of Canada’s better-known organizations. When asked what is your membership doing for you he promptly replied nothing! He explained that once a year he travelled to Toronto for an annual meeting, incurred a lot of costs on top of his membership fees without a glimmer of new prospects. This is unfortunate and another reality we have to change. The costs with association memberships can be outrageous, sometimes reaching up to $25,000 annually.

This is one of the reasons we developed the community-based Indigenous Liaison Officer initiative. 

TD Bank’s research puts the value of the Indigenous market around $31 Billion dollars, that was four years ago! Why would you NOT want to know more about this market! The “indigenous economy” is growing and we want to bring it to the attention of the 94% of Canada business community who have yet to embrace and benefits from an effective indigenous economic engagement strategy.

You can and should, (we actually recommend you when restrictions are lifted), continue to embrace and attend meetings, conventions and assemblies, this is and can be an effective strategy. What we are suggesting is that you complement your efforts by reaching out to a liaison officer and let them become part of your team. The liaison officer is perhaps the most cost-effective indigenous inclusion strategy your company could adopt.

We are building a network and the infrastructure to support over 37,000 Liaison officers across this country. Making sure that regardless of your product or service, where you are geographically or the size of your business that there is an ILO to meet your needs

What we choose to do today will alter the economic reality of tomorrow. It is our efforts, individually and collectively that will lead to further societal change.

This is an opportunity for Canada’s business community to advance their economic agenda, to harness Indigenous talent and make a real difference in creating an economic reality that is good for all Canadians.

Its Time for Change

Please join us!

Article originally posted on: A Solution to A deplorable Statistic!