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

Inter-American Development Bank

To start the conversation about how to better address these challenges, FMM organized the first Regional Policy Dialogue aimed at developing an innovative agenda to transform public expenditure management through smarter procurement practices. In contrast, relational contracting emphasizes cooperation for mutual benefit.

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CKS Benelux and Ivalua partner with Punch Powertrain to digitalise strategic sourcing

ivalua

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

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The four key drivers that can enable better IT procurement

Open Contracting Partnership

But timelines, bureaucratic hurdles, and intricacies of the procurement process prevent the swift adoption of cutting-edge technology and potential for collaboration with innovative organizations that are essential for reforming existing processes.

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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 troves of information available, the marketplace should be a breeding ground for data innovation, revealing opportunities. I fell in love with their mission to arm buyers and sellers in the public sector with intelligence, enabling them to be more proactive and competitive in their markets and in their spending. Any final words?

Data 105
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Invoice Hub – the Next Horizon for AP Automation

ivalua

After this came the next AP Automation project, and ever so slowly, innovation just became the norm, now it’s legacy Invoice Processing. It breaks the bond between Buyer and Supplier, resulting in fragile supply chains and lots of mistrust. It was a fun project and it felt like the first step towards something more powerful.

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Supply chain innovation through the Nexus of Forces

ivalua

At one time, these were innovative, effective tools but compared to the Nexus of Information, spreadsheets and email have become slow and limiting. Internally, buyers and engineers must work with quality and product; then that cross-functional group must collaborate with external suppliers.