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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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VA needs bigger budget to draw better cyber talent, CIO says

FedScoop

The Department of Veterans Affairs’ top IT official told House lawmakers on Wednesday that a larger budget and the ability to pay certain government workers more would improve the agency’s cybersecurity posture. The post VA needs bigger budget to draw better cyber talent, CIO says appeared first on FedScoop. Tim Kennedy, D-N.Y.,

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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.

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State Dept transforming procurement with category management, streamlined processes

Federal News Network

Federal Monthly Insights - Contract Management Modernization - 9/24/2024 [link] Download audio The State Department is embarking on a transformation in how it performs acquisition. It’s moving to a category management approach, organizing procurement around the primary categories of spend.

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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 per transaction.

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How to Relieve Labor Shortage Challenges with Vendor Managed Inventory

American City & Country

By: Lawson Products In today’s fast-paced world, efficient procurement is crucial for any entity. As procurement professionals, you are constantly balancing tight budgets, increasing demands, and the need to streamline operations. What is Lawson Vendor Managed Inventory?

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Best practices for project management in the AWS Cloud

AWS Public Sector

Amazon Web Services (AWS) employs project management principles to deliver public sector cloud outcomes. This blog post highlights project management tools, references, and AWS Management Console tips that give public sector customers better project visibility, automate task management, and help accelerate project outcomes.