The Procurement ClassRoom

NOVEMBER 23, 2024

Public procurement will either propel us toward the digital future Gates describes or hold us back with outdated processes and institutional inertia. To succeed, governments must embrace innovation, integrate cutting-edge tools like artificial intelligence (AI) and blockchain, and empower procurement teams to lead the way.

Procurement 59

Procurement Supply Chain E-procurement Public Procurement 59

ivalua

MARCH 16, 2022

Managing your supplier risk is crucial to combating bribery, corruption, procurement fraud, and other corporate risks that often occur as the Fraud Survey revealed (see image 4). . From this data, you may infer that Procurement is ready to play an active role in managing supplier risk. Main Corporate Risks.

Procurement 52

Procurement Risk Management Supplier Procurement Team 52

Oxford College of Procurement and Supply

SEPTEMBER 8, 2023

Ethical procurement requires a company to understand its societal obligations, expectations and social responsibility. Why is Ethical Procurement Important? As such, today’s procurement teams must embed ethics into their processes in addition to the conventional focus on a good ROI.

Ethics 52

Ethics Import Procurement Supply Chain 52

ivalua

MAY 9, 2019

Risk and regulatory compliance requirements span nearly all categories of spend, and address global, high-profile concerns such as bribery, corruption, and data protection and privacy. The remainder of indirect spend includes the ‘usual suspects’ like office supplies, travel and IT/telecom but often with a heavy services Procurement need.

Supplier 58

Supplier Management Supply Chain Procurement 58

ivalua

AUGUST 16, 2021

In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Regulatory requirements like Sarbanes-Oxley (SOX), Anti-Bribery and Corruption (ABAC), Office of Foreign Asset Control (OFAC), Modern Slavery.

Supplier 52

Supplier Management Supply Chain Risk Management 52

Tracker Intelligence

FEBRUARY 16, 2025

The public sector procurement process is meant to guard against corruption, and all bids are supposed to be evaluated on predetermined criteria like quality, price and social value. Public procurement teams are required to assess how suppliers contribute to employment and environmental and local community objectives.

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Procurement Tender Public Procurement Supplier 52

Tracker Intelligence

DECEMBER 30, 2024

Anti-corruption policies further reinforce integrity in procurement, safeguarding public funds and fostering trust in government processes. Clear policies serve as a roadmap in guiding procurement teams and suppliers toward achieving meaningful and measurable outcomes that benefit society.

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Public Procurement Procurement Supply Chain Tender 52