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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). Source: Authors’s elaboration.

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Contract Data Management With AI

ivalua

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repositor. A specific application for Procurement involves contract analysis.

Data 60
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The Importance of Ethical Procurement Practices in Public Sectors

The Procurement School

Vendors would not trust the Director; fellow procurement professionals would treat the Director differently and there would be a possibility of being sued by the disgruntled compliant bidders. For example, a Buyer was tasked with ordering scientific equipment and lab supplies for a university in Africa. The money was sent.

Ethics 98
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Procurement & Contract Planning: Canadian Public Sector Guide

The Procurement School

It can lead to a bid dispute or the procurement award being overturned. Communication The project plan for high value, complex or critical operational procurement includes a comms plan to increase vendor interest in the procurement. Fleet and Logistics Category Manager.

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Procuring AI without understanding it. Way to go?

How to Crack a Nut

Some of DRCF’s findings in the AI procurement report are astonishing, and should attract significant attention. The report is not specifically about public procurement of AI, but its content is relevant to assessing the conditions surrounding the acquisition of AI by the public sector. This is extremely worrying.

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Collaboration, Procurement with Purpose and the Entente Cordiale…

ivalua

Sometimes action can be taken by the buyer that either does not affect the supplier or just requires their agreement. Putting a simple clause in your standard contract saying, “no slavery please” does not require anything other than the supplier to say “yes”.

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EBA Guidelines – A Call to Action for Banking Sector Procurement?

ivalua

Peter Smith, Managing Director, Procurement Excellence Ltd. The European Banking Authority (EBA) has published new guidelines on outsourcing , a document that has wide-ranging implications for every banking organisation, and requires careful consideration by procurement leaders and functions.