article thumbnail

Three ways World Bank procurement can drive collaboration for the SDGs

Open Contracting Partnership

Currently, the Bank conducts procurement for these investment projects, putting pressure on internal procurement capacity at the Bank, and missing an opportunity for domestic procurement teams to modernise their own countrys systems and upskill procurement teams. How can the Bank leverage this opportunity?

article thumbnail

Did you know many Procurement Team in govt use MEAT as part of evaluation?

Tendersinfo

Government Procurement Professionals aim to achieve the best value for money in the process of procurement of goods and services for the public. A weightage-based criterion helps the procurement team to select the best out of the lot that gives the best value in terms of Cost, Quality, and experience.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Modernizing Public Infrastructure: The Power of Strategic Procurement

The Procurement ClassRoom

Public procurement will either propel us toward the digital future Gates describes or hold us back with outdated processes and institutional inertia. To succeed, governments must embrace innovation, integrate cutting-edge tools like artificial intelligence (AI) and blockchain, and empower procurement teams to lead the way.

article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Price 105
article thumbnail

Ultimate Guide to the Insight of Public Procurement Professionals

Tendersinfo

Ultimate Guide to the Insight of Public Procurement Professionals Public Procurement is a multi-staged activity and requires a thorough understanding of each process to be more successful with the bids. Procurement Professionals evaluate Tenders based on Price v/s Quality.

article thumbnail

Making student-first buying decisions

Bonfire

Given the challenges elementary and high school students are facing right now, K-12 procurement teams have a unique opportunity to make a positive impact through their purchasing decisions. Many procurement teams are geographically distant from the schools they support. Student-first buying decisions are collaborative.

article thumbnail

Why Disparity Studies Aren’t Enough to Improve Supplier Diversity

DemandStar

If you’re part of any government procurement team, you’ve likely been asked, “What are you doing to increase supplier diversity?” It’s also likely you’ve heard of and possibly conducted disparity studies to improve your procurement process and identify the needs of different types of suppliers.