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And How the Code Grows

Last week, we read that Pittsburgh Mayor Bill Peduto issued an Executive Order to improve the budget controls and transparency of city funds by employing strategies provided by the National Institute of Governmental Purchasing (NIGP).  It’s a great testimony to the caliber of the NIGP Consulting Program as well as other NIGP offerings.  One key strategic product offering by NIGP is the NIGP Commodity/Services Code (Code), which consistently grows and provides real value.

In 2014, the NIGP Code grew in both new subscribers and in the creation of new master items.  This trend has continued throughout 2015.  In February, NIGP members and current NIGP Code License Holders embarked upon a comprehensive review and update of the NIGP Code.  The project consisted of 52 public procurement professionals who analyzed all 9,138 active 5-digit codes.  Their efforts realized the development of over 1100 comments for potential language/description adjustments, removal of outdated codes, movement of codes into different Classes or potential code consolidations.

And, let’s not forget that the NIGP code is updated monthly for the 3- and 5-digit versions, and daily for the 7- and 11-digit versions.  Standard updates like this and comprehensive reviews like the one above are a few of the many reasons the Code continues to grow, fueling public procurement excellence.


Periscope Holdings Ranked #12 in Austin Business Journal’s Fast 50

Austin, TX, October 23, 2014 – Periscope Holdings, the leader in purpose-based procurement, announced today that it has received the Austin Business Journal’s (ABJ) Fast 50 Award, which recognizes the fastest-growing private companies in Central Texas. Periscope ranked 12th in the $10 million and above revenue category with a 56.3% annual compounded growth rate between 2011-2013.

“Periscope is honored to be recognized by the Austin Business Journal for our revenue growth,” said Brian Utley, President and CEO of Periscope Holdings. “I attribute our rapid growth over the last three years to our steadfast focus on our purpose, which is to eradicate waste and maximize the value of every dollar spent by our public sector and higher education clients. The other unequivocal key to our growth is that we hire the best of the best. Periscope’s team is committed and smart, and they embrace our purpose and values. This recognition is a direct result of the hard work and commitment of each and every member of the Periscope team.”

In order to qualify for the ABJ Fast 50, companies must show dramatic revenue growth over the past three years. Revenue numbers are verified by local accounting firm, Maxwell Locke and Ritter. The rankings were announced by the Austin Business Journal at the ABJ Fast 50 Reception and Awards Presentation on October 16, 2014, at the AT&T Conference Center.

ABOUT PERISCOPE HOLDINGS, INC.
Periscope Holdings, Inc. (http://www.periscopeholdings.com), headquartered in Austin, Texas, is the leader in purpose-based procurement. Periscope eradicates waste and maximizes the value of every dollar spent by our public sector and higher education clients with procurement transformation solutions and services.

Periscope offers an eProcurement software suite, BuySpeed™, holds the exclusive license to maintain, enhance, and market the NIGP Commodity/Services Code, and manages the NIGP Consulting Program, which provides a wide range of procurement transformation services, including procurement strategy development, organizational assessments, relevant benchmarking, process reviews, and strategic sourcing services. Our solutions streamline processes, increase efficiency, decrease expenditures, and create transparency, allowing our clients to focus on achieving their purpose.

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2 Must-Read GovPro Magazine Articles

The August/September 2014 issue of Government Procurement Magazine is now available online! We’re excited to share two of the must-read articles in this issue.

1. The Hot Topics article entitled “Purpose Transforms Public Procurement” by Matt Walker, Periscope’s President of NIGP Code & Consulting Services on page 4, explores how public procurement has evolved over the years and challenges public procurement professionals to invest time in understanding their organization’s purpose.

2. The Best Practices article entitled “A Good Fit: Working with Potential Bidders Improves Buying Processes and Outcomes” on page 12 was crafted from the content of the NIGP Business Council White Paper, Everybody Wins: Crafting a Bid that Fosters Transparency, Best Value, and Collaborative Partnership. It includes 10 recommendations based on the solicitation review experience of the members of the NIGP Business Council.

Click here to read the entire issue online now!


NIGP Forum: The Time Has Come!

The Annual NIGP Forum officially kicks off today in Philadelphia. All week we have been highlighting our list of MUST ATTEND sessions at Forum here on our blog. You can see our full list of recommended sessions here.

By now I’m sure you are either already in Philly, on your way to Philly, or getting ready to leave for Philly…here’s to safe travels, lots of networking, plenty of learning, and CONNECTING PROCUREMENT COMMUNITIES!

Remember to check out the 2014 NIGP Forum Program Guide here and/or download the 2014 NIGP Forum App here to make your Forum experience fantastic.

We hope to see you at the Products Expo on August 25-26 at the Pennsylvania Convention Center. Plan to stop by the Periscope Holdings Booth #506 to learn about how we transform public and higher education procurement with a focus on eradicating waste and maximizing the value of every dollar spent. You can show us your putting skills for a chance to win an iPad Mini or a personal delivery of delicious Philly Cheesesteaks to your home.

Also, please visit the NIGP Services Pavilion #501 to learn more about the NIGP Code and NIGP Consulting Services.

NIGP Forum 2014…let’s do this!


Sustainable Procurement Series: How Periscope’s Purpose Intersects with Sustainable Procurement

Today we are excited to share the second post in our Sustainable Procurement Series for public sector and higher education procurement professionals. We are exploring sustainable procurement, why it matters, how Periscope’s purpose intersects with it, examples of sustainable procurement in action, and a call to action. Come back each Friday for the next 2 weeks to read the next installment in this series. Click here to read the first post in this series.

Today’s post explores how Periscope’s purpose intersects with sustainable procurement.

  • Periscope’s purpose is to eradicate waste and maximize the value of every dollar spent. Everything we do is focused on making public and higher education procurement better – whether through software, procurement transformation services (NIGP Consulting), or categorizing and organizing data (NIGP Commodity Code).
  • We enable our public sector and higher education clients to eradicate waste so that they can devote as many of their precious dollars to achieve their purpose and assert the values of the constituents and communities they serve. Increasingly, these values include sustainability – in what’s bought, in what’s built, and in what’s delivered.
  • We help clients go paperless. Implementing our BuySpeed eProcurement Solution saves trees; our customers dramatically reduce their use of paper, as their paper-based procurement systems are automated and conducted electronically.
  • We enable extremely flexible, robust reporting, helping our clients to know how their procurement operations are supporting their specific sustainability efforts. Through the commodity code, our clients can isolate green products and services for classification, reporting, and supplier identification.
  • In recent years, the NIGP Code has gone green by classifying items that fit sustainable procurement and providing a tool for reporting on green spend.  The Code now identifies “environmentally certified” products, which have been set up as a green counterpart of standard classes. There is a set of 10 initial Class Code selections that cover everything from computer accessories to janitorial supplies to paper products.  This initial set of codes was determined by a Green Code Committee that was made up of representatives from states, cities, counties, schools, and Green Seal. Code subscribers are currently utilizing the codes in their reporting of Sustainable Procurement and/or Environmentally Preferable Purchasing initiatives.

Be sure to come back next week for the next post in our Sustainable Procurement Series! We would love to hear your perspective on sustainable procurement and how your organization is focusing on sustainability in its procurement operations.


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