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Contract Management’s Impact on Procurement Efficiency

The Procurement School

The following article discusses the various steps of contract management and its role in procurement efficiency. But first a definition of efficiency. Efficiency involves achieving intended results while minimizing time, resources and effort. It is about doing things optimally or maximizing time and resource use.

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Blockchain Technology and AI in Public Procurement

The Procurement ClassRoom

Integrating blockchain and artificial intelligence (AI) into public procurement processes holds significant promise for enhancing efficiency, effectiveness, and transparency, potentially reducing corruption. This minimizes human intervention, the primary source of corruption in public procurement.

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10 success factors for implementing e-procurement system

Open Contracting Partnership

Public procurement needs to be more transparent, efficient, and accountable to tackle the major social and economic challenges faced by governments across the world. Unfortunately ,they often have not been adequately integrated into the design of e-GP systems.

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Modernization efforts will bring  billions in new revenue to IRS, analysis finds

FedScoop

Expanded data intake capacity and productivity will help increase compliance; improved audit selection and collection planning can increase the productivity of enforcement activities,” the report stated. If the 1% efficiency increase held for the IRS, the agency would be looking at an extra $43 billion annually, the report said.

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Leveraging AI to Transform Macroeconomic and Fiscal Policymaking in Latin America and the Caribbean

Inter-American Development Bank

Macroeconomic and fiscal policy is at the brink of a transformative shift due to the integration of artificial intelligence (AI), which is poised to revolutionize fiscal governance and policy formulation in Latin America and the Caribbean (LAC). The model foresaw a 19.4% GDP drop for El Salvador, closely matching the actual 19.7%

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How to Stop Worrying About IT and Focus on the Data

GovLoop

It can be a drag on the performance of your overall IT environment, and on the efficiency and sustainability of that environment. That’s why Pure Storage offers an integrated data platform with an operating system called Purity that manages that complexity. Legacy storage technology can be such a drag. But that can be a waste of money.

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DoD Announces First Ever Strategy for a Modernized Defense Industrial Ecosystem

Government Contracts Legal Forum

and close international allies and partners, economic security, and integrated deterrence. compliance burdens, changing procurement priorities, and technological obsolescence), and funding uncertainty.