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Embarking on an eProcurement implementation can result in more efficient government, improved compliance and increased transparency. It is also advisable to establish a change control board for managing post-implementation enhancement requests and evaluations. So where do you start and what should you know before you start?
Coming from the vendor side, I knew our eProcurement platform had the potential to transform sourcing and purchasing in the public sector. The very last project I worked on really opened my eyes to the promise of eProcurement. I don’t envy the evaluators who had to manually sift through thousands of pages.
Bonfire allows them to bring every stage of the procurement lifecycle into a central platform where the procurement team and relevant stakeholders can collaborate on RFPs and evaluations with full visibility into the process. The end goal is to drive purchase prices down for the buyer. Developing policies and strategies.
The fundamental tenets of fairness, value for money, and transparency form the foundation of public procurement and contribute to the development of an atmosphere that benefits suppliers as well as buyers. More and more public sector organisations are using technology to make sure that procurement regulations are being obeyed.
Identify the Pain Areas of the Buyer It is of utmost importance to comprehend the requirements and recognize the torment spaces of the buyer. A tender response should be able to make you stand out from the competition and talk about how your services can add value to the buyer.
The task of manually doing this or even using some basic automation would require weeks or months of human work to check each contract to ensure the right language is included given the context of the contract, the supplier and the buyer. Machine reading comprehension technologies enable us to do this automatically and much faster.
The task of manually doing this or even using some basic automation would require weeks or months of human work to check each contract to ensure the right language is included given the context of the contract, the supplier and the buyer. Machine reading comprehension technologies enable us to do this automatically and much faster.
This data is transformed into the eProcurement Ontology (ePO) and sorted in the PPDS Knowledge Graphs, which is at the center of the diagram. A data quality analysis tool is also available, enabling users to evaluate and ensure the integrity of their data. Architectural diagram of the PPDS.
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