Remove Contract Management Remove Management Remove Procurement Contracts
article thumbnail

Contract Data Management With AI

ivalua

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repositor. A specific application for Procurement involves contract analysis.

Data 60
article thumbnail

Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM). Source: Authors’s elaboration.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Procurement & Contract Planning: Canadian Public Sector Guide

The Procurement School

Once a procurement is awarded it moves to contract management whose primary functions are implementation, compliance and issue management. A well written contract is a key enabler of successful contract management as it clearly sets out the expectations of both parties.

article thumbnail

Contract Management’s Impact on Procurement Efficiency

The Procurement School

Contract Management is often thought to be the last step in the Procurement life cycle but instead it is both the beginning and end of the procurement cycle and it provides a constant feedback loop. The following article discusses the various steps of contract management and its role in procurement efficiency.

article thumbnail

The Public Procurement Glossary

Tracker Intelligence

The contracting authority or government agency sets the rules, picks the best supplier, and ensures everything runs smoothly. It is all a part of supply chain management, making sure the right products and services get to the right place at the right time. E-Procurement It is the digital way of handling public purchasing.

article thumbnail

Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. Analytics can help organisations to identify opportunities for cost savings, improved contract compliance and better procurement strategies.

article thumbnail

What is the FAR: Your Guide to the Federal Acquisition Regulation

Select GCR

The FAR is meticulously structured into subchapters, parts, subparts, sections, and subsections, providing detailed guidance for government procurement, from planning through contract management to compliance and enforcement. In this context, it is essential to be aware of the Cost Accounting Standards Board and its regulations.

Ethics 52