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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

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). What is Smart Public Procurement?

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The Role Of Social Value In Public Procurement: Driving Community Impact

Tracker Intelligence

Public procurement these days is not just about acquiring goods and public services at low costs. Social value is a transformative approach shaping how public contracts are awarded and executed. What Is Social Value In Public Procurement? Why Does Social Value Matter In Public Procurement?

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Impact of PPN 02/24 on AI Use in Public Procurement

Tracker Intelligence

As these systems begin to play a more important role, the government needs to uncover the risks associated with using artificial intelligence in procurement, and what steps need to be taken to manage these risks effectively. The UK Cabinet Office published the Procurement Policy Note (PPN 02/24). What is PPN 02/24?

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Simplifying Public Sector Procurement: Strategies to Increase Sme Participation

The Procurement School

The intention is to encourage consideration of ways to simplify and open opportunities for SMEs to efficiently participate in more public procurements. The suggestions apply to all segments of competitive bidding, including the SME segments of Supplier Diversity, Indigenous and Social Procurement.

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When should procurement be outsourced?

The Procurement School

The 3rd party becomes the buying agency and represents the interests of the public entity. The 3rd party is responsible to maintain the technology for administrative efficiencies and remain current with legislative mandates in public procurement. The balance between savings and values needs to be part of the conversation.

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AI & sustainable procurement: the public sector should first learn what it already owns

University of Bristol

Photo credit: Flickr While carrying out research on the impact of digital technologies for public procurement governance, I have realised that the deployment of artificial intelligence to promote sustainability through public procurement holds some promise. In my view, it should be a matter of high priority. *