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What does the German Supply Chain Act Mean for Procurement?

ivalua

The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. Being banned from public tenders for up to three years . Fines of up to €8 million .

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Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

ivalua

This demonstrates that businesses increasingly recognize diversity as a global issue and these programs provide an “ethical” mechanism to connect with customers through community engagement. However, the ethical justification is no longer the totality of the value proposition as leaders now see the overall value for their business. .

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Key Principles of Public Procurement: Transparency, Value, and Fairness

Tracker Intelligence

These public procurement principles allow businesses of all sizes to participate equitably, protect the integrity of taxpayer money, and encourage competition and efficiency. How Transparency is Ensured in Procurement Transparency is achieved through open contract notices, public tenders, and clear evaluation criteria.

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Digging out data to shine a light on public buying in Mongolia

Open Contracting Partnership

To tackle this problem, the country has proposed wide-ranging legislation , including an anti-corruption package with measures to standardize the operations of Mongolia’s state-owned enterprises (SOEs) and ensure they follow consistent rules throughout processes like tendering and procurement, among others.

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Impact of PPN 02/24 on AI Use in Public Procurement

Tracker Intelligence

These systems can provide more accurate data collection, resolve complex challenges more efficiently, and help to deliver more tailored solutions. Ultimately, the PPN ensures transparency and ethical considerations in AI use. Their use of AI in the tender bidding process, including responding to supplier requests.

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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

It has debarred more than 60 suppliers for violations, and reduced unresolved complaints and canceled tenders. in 2020 to 96% and single-bid tenders decreased across all methods – from 62.5% During the pandemic, the agency suspended a tender to buy overpriced digital textbooks. Efficiency is key. in 2020 to 59.7%

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The Role Of Social Value In Public Procurement: Driving Community Impact

Tracker Intelligence

Beyond the Bottom Line: Social value prioritises community well-being over just financial efficiency. Contracts that seek to provide energy-efficient solutions and implement waste-minimisation strategies to promote activities with minimal environmental impact.