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Effectiveness and Efficiency in Public Procurement: Key Pillars for Optimal Resource Management

The Procurement ClassRoom

Introduction In public procurement , effectiveness and efficiency are crucial for achieving optimal results using public resources judiciously. This discussion delves into the importance of these principles, examining both the goals to be achieved (effectiveness) and the optimal use of resources (efficiency).

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The major challenges in government payment processes: Survey reveals critical inefficiencies

American City & Country

As six out of 10 government finance teams still rely on manual reconciliation , the survey findings echo this, in which 46.1% of respondents characterized their payment collection systems as very efficient, with a concerning 51% describing their systems as either inefficient or “neutral.” Despite this reliance, only 19.6%

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Automation Is Helping Government Cut Costs

FedTech Magazine

Agencies want to know they’re getting maximum returns on their digital initiatives because IT spending represents a major portion of their budgets. Technology helps agencies save money in addition to boosting efficiencies these days.

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Budgeting Is a Collaborative Effort

GovLoop

Local government services play a role in so much of our everyday lives that they become invisible. To achieve that, local governments must move away from budgeting for services in silos and come together to create a digital twin of the organization, Francis said. Rules-based software avoids these problems. “By

Budget 52
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How city governments can navigate the fiscal cliff

American City & Country

In my experience working with city governments, I’ve seen firsthand cities like Los Angeles, Chicago, Sacramento, and St. Louis struggle with resource constraints and grapple with the significant challenges cities face in balancing budgets, maintaining public services and managing infrastructure needs. What is a fiscal cliff?

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Balancing Efficiency and Effectiveness in Procurement

The Procurement School

Author: Larry Berglund As part of the assessment on the ability of a supply chain department to deliver value effectively , is its ability to do so efficiently. To have an objective assessment on efficiency, there should be a set of KPIs or measurement tools to compare. Efficiency metrics examples 1.The

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Why the government should use more shared services to reduce costs

Federal News Network

The Government Accountability Office (GAO) recently reiterated something it has been pointing out for years: The government wastes billions and billions of dollars on duplicative and overlapping activities. The government wastes billions and billions on duplicative and overlapping activities. Steve Goodrich I certainly have.