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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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Nuclear Regulatory Commission has AI integration in mind with new budget request

FedScoop

million request for AI-related funding in its fiscal year 2025 budget, a $3.7 In its congressional budget justification for FY 2025 , the NRC said it is looking to develop an AI regulatory framework for the nuclear industry, in addition to facilitating the responsible adoption of AI, which includes generative AI.

Budget 101
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Aeyon Wins Navy BUMED Budget Operations Support Services Contract

ExecutiveBiz

Aeyon, a digital transformation and robotic process automation company, has secured a prime contract to provide budget operations support to the U.S. Navy Bureau of Medicine and Surgery’s Budget Division.

Budget 52
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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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Budgeting Is a Collaborative Effort

GovLoop

“What people are expecting is personalized, online, digital services for those things that can be digitized,” said Charlie Francis, Senior Consultant at Questica, which provides multi-user budgeting, performance measures, transparency and data visualization software for governments. The software also serves as a platform for collaboration.

Budget 52
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Data tracking, AI and modernization: How SSA has ditched its paper-based past

FedScoop

For more than two decades, the Social Security Administration has worked to shed its well-earned image as a “paper-based agency,” doing everything from shifting away from hard copy signatures to embarking on a large-scale modernization plan. We’re already seeing pretty impressive improvements based on the SecurityStat approach.”

Data 95
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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. Transparency involving costs, business impacts and…