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Effectiveness and Efficiency in Public Procurement: Key Pillars for Optimal Resource Management

The Procurement ClassRoom

Introduction In public procurement , effectiveness and efficiency are crucial for achieving optimal results using public resources judiciously. This discussion delves into the importance of these principles, examining both the goals to be achieved (effectiveness) and the optimal use of resources (efficiency).

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Unlocking opportunities: How Ekiti State, Nigeria is enabling women businesses through better procurement practices

Open Contracting Partnership

But these businesses rarely take part in public procurement due to long-standing cultural barriers, overly bureaucratic processes and the sense that to win public contracts, they must have the right connections. It’s a “missed opportunity,” says Egghead Odewale, Director General of Ekiti State’s Bureau of Public Procurement (EKBPP).

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Saving the planet through procurement: Governments are identifying ways to use purchasing to achieve and support sustainability goals

American City & Country

Sustainable government procurement is the process of acquiring goods and services that meet the government entity’s needs while minimizing environmental and social impacts. calls for the promotion of “public procurement practices that are sustainable, in accordance with national policies and priorities.”

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The Benefits of Procure-to-Pay

ivalua

A procure-to-pay solution offers a seamless process from point of order to payment. At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Reduced errors, fraud and risk.

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Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. The last phase of the process, also known as Procure-to-Pay includes the ordering of goods/services, receiving of these, invoicing and payment to suppliers.

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A red light for corruption: How the Dominican Republic is using open data, better processes & collaboration to fight corruption

Open Contracting Partnership

Challenge: In 2020, public procurement in the Dominican Republic lacked public trust and credibility due to several high-level corruption scandals. The island’s procurement agency faced more than 250 open complaints and allegations of collusion and low competition in the procurement process. More recently, it canceled a RD$1.3

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The Benefits of Procure-to-Pay

ivalua

A procure-to-pay solution offers a seamless process from point of order to payment. At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Reduced errors, fraud and risk.