Remove Buyers Remove Data Remove Quality
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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM).

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A red light for corruption: How the Dominican Republic is using open data, better processes & collaboration to fight corruption

Open Contracting Partnership

Approach: The new director of the procurement agency led the development of a data-driven corruption risk monitoring system and worked with a reform team to strengthen the institutional capacity of government buyers, improve cross-agency coordination and increase collaboration with civil society.

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Smarter collaboration: How Mexico City delivers major projects through inclusive planning

Open Contracting Partnership

Over 9 million Mexico City residents are benefiting from better quality goods and services as a result of improved procurement processes. In October 2024, use of the pre-bidding module became mandatory for Mexico City’s buyers. What’s next?

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New CEO Nate Haskins is Ready for Our Next Chapter

GovSpend

With an extensive background in data management, Nate brings a unique skillset to the helm and is well-equipped to lead GovSpend into a new chapter of data delivery and AI technology. With troves of information available, the marketplace should be a breeding ground for data innovation, revealing opportunities.

Data 105
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The four key drivers that can enable better IT procurement

Open Contracting Partnership

Creating a dynamic marketplace that promotes transparency of pricing, services and supply contracts, allows suppliers to continually update their offerings and prices and enables public sector buyers easier access to the latest technology and services.

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Invoice Hub – the Next Horizon for AP Automation

ivalua

It breaks the bond between Buyer and Supplier, resulting in fragile supply chains and lots of mistrust. No PO, no Pay was born to force suppliers to add PO’s to Invoices by forcing Buyers to create PO’s. So the network providers just haven’t delivered, and only further fractured the link between buyer and supplier. .

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Data-Driven Procurement: Transparency is Essential, Not Optional

ivalua

The business case for data-driven transparency is not hard to make. In today’s dynamic, complex market, where procurement’s objectives continue to grow, data is the fuel for success. While data quality cannot be perfected and some technological innovations aren’t quite ready for prime time, tremendous improvements are possible.