The Procurement ClassRoom

NOVEMBER 23, 2024

Embracing AI and Blockchain in Procurement Two technologies stand out for their ability to modernize public procurement and enhance decision-making: artificial intelligence (AI) and blockchain technology. The Role of AI in Procurement AI offers powerful tools to improve efficiency, accuracy, and transparency in procurement processes.

Procurement 59

Procurement Supply Chain E-procurement Public Procurement 59

The Procurement ClassRoom

NOVEMBER 16, 2024

Procurement decisions may also be influenced by emergencies, such as the need for the prompt delivery of goods and services to address disasters like earthquakes or hurricanes. The level of competition in the market can also influence the choice of procurement method.

Procurement 105

Procurement Competitive Bidding Bidding Supplier 105

Open Contracting Partnership

APRIL 4, 2025

Currently, the Bank conducts procurement for these investment projects, putting pressure on internal procurement capacity at the Bank, and missing an opportunity for domestic procurement teams to modernise their own countrys systems and upskill procurement teams.

Procurement 52

Procurement Collaboration E-procurement Capacity 52

Inter-American Development Bank

OCTOBER 31, 2024

Improved procurement strategies could reduce public debt by as much as 1.8% As a result, addressing passive waste through capacity-building measures can generate large savings for governments. Transitioning to smart public procurement involves more than just capacity building; it requires a fundamental shift in approach.

Public Procurement 52

Public Procurement Procurement Strategic Planning Balance 52

The Procurement School

OCTOBER 22, 2024

Research and Understand The public sector is growing in procurement innovation, in understanding of its role in developing a healthy market capacity for competitive bidding, and in its responsibility to create opportunities for SMEs to participate and develop experience.

Participation 52

Participation Procurement Strategies Procurement Buyers 52

Open Contracting Partnership

MARCH 5, 2024

We want to enable one billion people to live in more equitable, prosperous and sustainable communities by 2030 by improving US$2 trillion in public procurement spending. Public procurement covers $13 trillion of spending every year, one in every three dollars spent by our governments. Our world runs on public contracts.

Procurement 89

Procurement E-procurement Public Procurement Sustainability 89

Tracker Intelligence

DECEMBER 8, 2024

To some capacity, AI systems hold plenty of weight in greatly reducing the time spent on completing important procurement tasks. In another report, researchers found that by utilising artificial intelligence systems around the clock, organisations can reduce their time spent on mundane procurement processes by as much as 60 per cent.

Public Procurement 52

Public Procurement Procurement Ethics Tender 52