Public Contracting Institute

APRIL 1, 2024

Key Takeaways Aspect Impact of Blockchain Transparency Ensures real-time visibility and traceability of transactions. Through its distributed ledger, blockchain provides an immutable and transparent record of all transactions, offering real-time visibility that significantly mitigates the risks of fraud and corruption.

Public Procurement 52

Public Procurement Transparency Integration Integrity 52

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. – Results : 30% decrease of process time.

Eprocurement 94

Eprocurement E-procurement Supplier Purchasing 94

ivalua

MARCH 15, 2016

He said he had seen it all in supply base management and had experienced the feeling of victory leaving plenty of blood on the floor in negotiating with suppliers in his day. He talked about how that experience with power was a real high at times. In essence, his point was that supplier collaboration is not altruistic.

Supply Chain 40

Supply Chain Supplier Real-time Visibility Negotiation 40

ivalua

JANUARY 12, 2023

If the organization is not ready or able for a complete procurement system, can a system be deployed in a modular fashion over time building on the previous efforts? An effective data insight strategy should also incorporate analytics tools that allow stakeholders to monitor progress in real-time and make adjustments as needed.

Public Procurement 52

Public Procurement Efficiency Procurement Procurement Team 52