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Author: Helen Doucette “Accept the bid from ABC Company” said the VP of Finance to the Director of Procurement. “I According to the CompetitiveBidding Law of Canada, we can only accept compliant bids. In conducting research for this article, I found many definitions of ‘Ethics’. Why not” asked the VP.
Their CFO is required to ensure value for money and compliance with competitivebid laws. Consistently, external auditor findings have shown the lack of professionalism in procurement to be a financial problem often accompanied with ethical dilemmas. Outsourcing is a logical option.
The intention is to encourage consideration of ways to simplify and open opportunities for SMEs to efficiently participate in more publicprocurements. The suggestions apply to all segments of competitivebidding, including the SME segments of Supplier Diversity, Indigenous and Social Procurement.
Overview The expectations on public sector procurement professionals to be up-to-speed on all of the possible issues related to risk, can be unrealistic. Competitivebids determined where to buy from but didnt address the other risks, such as the bull whip effect – too much stock in one period and not enough the next.
Overview The expectations on public sector procurement professionals to be up-to-speed on all of the possible issues related to risk, can be unrealistic. Competitivebids determined where to buy from but didnt address the other risks, such as the bull whip effect – too much stock in one period and not enough the next.
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