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Contract Management’s Impact on Procurement Efficiency

The Procurement School

The following article discusses the various steps of contract management and its role in procurement efficiency. But first a definition of efficiency. Efficiency involves achieving intended results while minimizing time, resources and effort. It is about doing things optimally or maximizing time and resource use.

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Arbitration Tech Toolbox: Emotion AI: A Game-Changer for Efficiency and Due Process in International Arbitration?

Kluwer Arbitration

In international arbitration, parties or arbitrators could consider using emotion AI to enhance efficiency and due process (or to gain a strategic and tactical advantage). Although applications are varied, we will focus on two uses: (1) efficiency through facilitating settlement; and (2) due process through ensuring arbitrator attentiveness.

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Governments need to plan for the entire product lifecycle when they purchase technology today

American City & Country

Local governments face issues that range from balancing public safety and individual privacy rights to managing vast amounts of data securely and efficiently. Transparency and accountability are crucial to maintaining public trust and require clear policies on surveillance use and data access.”

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Stamping Out The Uncertainty – The Supreme Court’s Way Forward For A Modern And Efficient Arbitration Regime For India

Kluwer Arbitration

2021) 4 SCC 379 (“ NN Global 3J ”), a 3-judge bench of the Supreme Court held that arbitration agreements would not be rendered void on account of the main contract being insufficiently stamped as commented on in a previous post. This figures to provide a boost to the efficiency in the constitution of tribunals by Indian courts.

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Accounts Payable Superheroes, It’s Time to Empower your Suppliers

ivalua

Why does Accounts Payable Need Heroes? In Accounts Payable, it’s the Supplier inquiry. Strong supplier relationships lead to new product development and innovation, as well as reduced costs and increased efficiencies. Through automation, the P2P process becomes simple, streamlined and more efficient.

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What do Govloop Readers Value in EX?

GovLoop

People most valued having a flexible schedule, with 77% of respondents ranking it “very important.” Working in an inclusive environment was the next priority, at 61%, and then having access to the latest technology and tools came in fourth, with 51% of respondents ranking it “very important.”

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Implementing Standard Cost Systems in Accordance with CAS 407: A Comprehensive Guide

Public Contracting Institute

This standard ensures consistency and fairness in cost accounting practices across government contractors. To truly grasp the importance of CAS 407, it’s essential to have a solid foundation in government contracting principles. Integrating CAS 407 with Other Cost Accounting Standards CAS 407 doesn’t exist in isolation.