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Government organisations can improve e-governance standards and enable on-demand digital services for citizens and businesses across India. mjunction is one of India’s largest business-to-business (B2B) e-Auction companies, enabling buying and selling between businesses through its innovative digital platforms on AWS.
It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. What is Source-to-Pay?
Given these needs, let’s think back to the current state of public procurement technology. Our Public Sector solution will grow with you, configure to your specific needs, and most importantly meet your ever-changing demands. Frankly, they are struggling.
Procurement transparency exists within the public sector because it is required by law. It is one thing to make tenders public, and another to offer suppliers visibility into the end-to-end bid management process and final award decisions. And yet, not all transparency is equally effective.
Enormous, complex, global enterprises use procurement technology to manage their spend, suppliers, contracts and bids every day without seeming to run into the same stumbling blocks as the public sector, which operates on a smaller and more localized basis. They can determine and document their general requirements.
Public procurement encourages collaboration between government and private enterprises, in turn allowing public authorities to achieve sustainable and circular practices. The following blog will provide a more detailed exploration of creating sustainable procurement strategy, their benefits and challenges during implementation.
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