The Procurement School

OCTOBER 22, 2024

How they spend taxpayer money is a subject of much debate, but when public buyers explore appropriate opportunities for SME engagement and are curious and open-minded when drafting requirements, SMEs that are responsive and accountable can deliver quality outcomes for economic development.

Participation 52

Participation Procurement Strategies Procurement Buyers 52

Inter-American Development Bank

OCTOBER 31, 2024

Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM).

Public Procurement 52

Public Procurement Procurement Strategic Planning Balance 52

Public Contracting Institute

APRIL 1, 2024

In the era of digital transformation, blockchain technology emerges as a beacon of hope for enhancing transparency and integrity in public procurements. By leveraging blockchain’s capabilities, these entities can significantly mitigate corruption risks, streamline operations, and foster a more transparent procurement environment.

Public Procurement 52

Public Procurement Transparency Integrity Integration 52

The Procurement School

SEPTEMBER 15, 2023

These steps may not apply to every procurement but once completed they will inform the procurement strategy which then leads to development of procurement document. Needs analysis ensures an accurate understanding of the goods / services being procured.

Procurement 52

Procurement Bidder Procurement Strategies Evaluation 52

The Procurement School

AUGUST 21, 2024

Outsourcing the procurement expertise is a growing option for smaller entities to consider. Many smaller public entities have formal associations [1] where they do outsource their procurement needs. Having KPIs and /or a service level agreement contributes to the accountability in the contractual commitments.

Procurement 52

Procurement Competitive Bidding Public Procurement Supplier 52

ivalua

MARCH 9, 2023

Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management). Also included: supplier improvement plans, innovation plans and overall supplier collaboration.

Supplier 52

Supplier E-procurement Supply Chain Procurement 52

ivalua

AUGUST 17, 2021

However, it is important to understand the differences and varying degrees of focus between direct and indirect spend in procurement and sourcing. Direct Procurement is made up of a series of related processes that span the full product lifecycle. Click here to talk to Ivalua about your Procurement strategy.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52