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Public sector professionals must responsibly procure goods and service contracts on behalf of the taxpayer. Seasoned practitioners in public procurement can be jaded from situations that have gone wrong, and it is common for inexperienced public buyers to experience risk aversion and fear of the unknown.
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). of GDP, according to FISLAC calculations.
I’d like to welcome Mr. McKee as the Minister for Public Finance and as the Minister responsible for procurement. I’m sure the Minister is looking forward to reconnecting with the Scottish procurement community. Along in June, we have the Meet the Buyer Event National, which is in Hampden Park, Glasgow.
E-invoicing Mandate | France 2024 March 27, 2023 | | ProcurementStrategy by Steve Carter The biggest change to Accounts Payables since the introduction of double entry journals is about to hit finance departments–but are they prepared? Read More : Under Pressure, Will Procurement Take Performance Higher in 2023?
Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. This approach ensures that business between a buyer and its suppliers is conducted in a manner that does not negatively impact society or the environment. .
Although there is a lot of guidance on green and sustainable procurement, our global research tells us that government buyers are still struggling to get started and to scale up their efforts. This is all the more urgent when we consider the huge scale up that we need in green financing to achieve our net zero goals.
Where Ill be taking a look back at some of the recent developments and a quick look forward at what’s coming up across the public procurement community. First up, the Minister for Public Finance, Ivan McKee, recently brought together the leadership of public bodies, elected and operational leadership of Local Government.
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