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Sustainability in Procurement: Strategies and Challenges

ivalua

For Heads of Procurement, CSR is now a major consideration. In our survey, Heads of Procurement ranked supply chain fair labor practices (68% of respondents) and preventing bribery and corruption (52%) as a high priority in their CSR endeavors. Strategies to Improve Sustainability in Procurement.

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Modernizing Public Infrastructure: The Power of Strategic Procurement

The Procurement ClassRoom

Fraud Detection : Machine learning models can monitor procurement transactions for irregularities, reducing corruption risks. Failure: Health Information Systems Failed attempts to digitize healthcare systems in various countries highlight the risks of inadequate procurement strategies.

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Updating the UNCITRAL Model Procurement Law for “Green Procurement”

Public Procurement Intl

A number of webinars we have held at GW Law School, including a July 2024 series on emerging international best practices, confirmed that there are many parallels between these “green procurementstrategies. Strategies In “Green Procurement,” 66 Gov. Planning The first strategy looks to procurement planning.

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

Inter-American Development Bank

Improved procurement strategies could reduce public debt by as much as 1.8% In instances of active waste, such suboptimal decisions are motivated by personal gain, as exemplified by corruption. This continuous data flow strengthens public trust by minimizing corruption risks and reaffirming a commitment to transparency.

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Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

By leveraging blockchain’s capabilities, these entities can significantly mitigate corruption risks, streamline operations, and foster a more transparent procurement environment. Integrity Provides an immutable record, reducing fraud and corruption.

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Our 2030 vision: Better procurement for people and planet

Open Contracting Partnership

For example, with our support, the Dominican Republic’s procurement agency monitors all transactions in the country’s electronic procurement system in real-time using 21 automated corruption red flag risk indicators.

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What is Ethical Procurement and Why is it Important?

Oxford College of Procurement and Supply

Extortion This is the other side of bribery, whereby requests for money are made in exchange for favoured consideration or to prevent other forms of corruption from being exposed. Coercion and Intimidation This is when threats of harm or loss are made instead of bribes.

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