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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…

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Agency software purchasing bill passes House

FedScoop

Passing the legislation is important “given the amount of dollars that are at stake, but also … [the] security implications and just pure efficiencies and resiliency of operations,” Triplette said. “We on Wednesday spoke to the bill’s good governance bona fides, saying it would “reduce wasteful spending and improve government efficiency.”

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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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Modernizing Public Infrastructure: The Power of Strategic Procurement

The Procurement ClassRoom

In his article “ The Future of Public Infrastructure is Digital “, Bill Gates envisions a world where infrastructure is smarter, more efficient, and digitally integrated. Governments worldwide control vast budgets through procurement, giving them the power to: Drive innovation by demanding advanced solutions from vendors.

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Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

While it aligns with Liberia’s approach, the Model Law places greater emphasis on transparency, the documentation of justification for using restricted bidding, and minimizing disruptions to competition. The IFB or Bidding Documents are then employed as solicitation tools to engage suppliers and ensure a transparent process.

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Building smarter, stronger communities with an AI-enhanced government workforce

American City & Country

Technologies once relied on to manage this process and reduce knowledge loss are no longer able to do so in an efficient, transparent way—skyrocketing costs, zapping institutional knowledge and worse. Adopting AI is no longer an option but a necessity for developing efficient, transparent and responsive government operations.

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

Inter-American Development Bank

Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. This reduction would not only lead to lower interest expenses but also stimulate GDP growth by fostering a more efficient economy.