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What is Smart Public Procurement? Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. In contrast, relational contracting emphasizes cooperation for mutual benefit.
Another major development in terms of the future Procurement role is the increasing importance of the agenda around sustainability and purposeful business, which again has relevance to the collaboration imperative. . Sometimes action can be taken by the buyer that either does not affect the supplier or just requires their agreement.
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.
Our ambition is to ensure that we deliver maximum efficiency and value for money for all who access our framework agreements, whilst continuing to focus on the delivery of sustainable social value.
It is estimated that less than one percent of the $10 trillion spent annually on global public procurement is awarded to women-owned businesses. [1] 1] There are different restrictions that explain this low participation of women-led companies in the awarding of public procurementcontracts.
Sustainable Excellence Award – Presented to a government agency or contractor that has made outstanding contributions that meet the Federal Government’s sustainability goals. The rule aligns the Defense Federal Acquisition Regulation Supplement with the Federal Acquisition Regulation SustainableProcurement Rule.
Apart from this, many organisations find it challenging to digitise their procurement processes, which acts as another barrier to efficiency. Tracker Intelligence uses sophisticated procurement tools and integrates centralised systems, which decreases the time and effort needed for buyers and suppliers.
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