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Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. This reduction would not only lead to lower interest expenses but also stimulate GDP growth by fostering a more efficient economy.
The coefficient is interpreted as the cumulative change in public investment associated with compliance with the fiscal rule compared to the event of non-compliance, which serves as the reference category. As a result, spending efficiency plays a key role in easing this dominance, as shown in Figure 3 below.
In the era of digital transformation, blockchain technology emerges as a beacon of hope for enhancing transparency and integrity in public procurements. By leveraging blockchain’s capabilities, these entities can significantly mitigate corruption risks, streamline operations, and foster a more transparent procurement environment.
Floods are one of the most devastating events to strike a community—costly in terms of lives lost, damaged or destroyed homes, economic disruption, and damage to critical infrastructure. annual chance (500-year) flood events based on historic data. Current extreme rainfall events are often beyond the 1% or 0.2% The 1% and 0.2%
In our recap, we’ll dive into the key takeaways from the event and what they mean for the industry. Automating strategic sourcing not only simplifies the process but also offers significant savings, increased efficiencies, and better governance. Sustainability and responsible sourcing were also central topics at the symposium.
As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Create speed and transparency. Making processes transparent enables everyone along the supply chain to react quickly.
The DIS Autumn Conference , held on 10 September 2024, was the main event of the Berlin Dispute Resolution Days , which took place from 9 to 12 September 2024 and were jointly organized by the German Arbitration Institute (DIS) , the Federal Ministry of Justice , and the Humboldt University in Berlin.
With its mix of charm, history, and major public works set to transform its infrastructure for the future, Rome was the perfect backdrop for our event which was all about harnessing our collective knowledge to make procurement more results-driven, transparent, and impactful across Europe.
If you’re in a leadership position, you can improve the odds of success with automation in two ways: Be transparent. That’s one thing that’s made government a lot more efficient — helping our employees have a better customer experience,” she said. Get employees involved. No one understands the work better than the people who do it.
Over the last two years, 21 Japanese cities have been working on opening up their public contracting for better efficiency, oversight and outcomes as part of the G20 Smart Cities Model Policy on Open Contracting (also available in Japanese ). This underscores Japan’s pivotal position on the global stage.
Using these databases, businesses can efficiently locate federal contracting opportunities and position themselves for success. Tools like GovWin IQ efficiently track opportunities from specific targeted government agencies at the state and local levels.
Todd, who also served as the Chief Architect and Designer of the highly successful ASTRO program, demonstrated his understanding of the importance of government and industry relationships, as evidenced by his client partnerships with the Army, Navy, Air Force, and others that resulted in billions of dollars of revenue transacted efficiently.
11, 2019 /PRNewswire/ — Ivalua, a global leader in spend management , today announced that it was selected as the winner of both the Innovations in Third Party Management and Innovations in Digitization awards, presented at the Future of Sourcing Awards event in Carlsbad, CA. REDWOOD CITY, Calif. , Nov. ” About Iv alua.
2020’s global supply chain crisis has extended into 2022, compounded by the current geopolitical events,” said Alex Saric, Smart Procurement Expert of Ivalua. “As As manufacturing organizations battle today’s crisis and work to avoid the next one, modernizing procurement technology has emerged as a top priority.
Yet water and sanitation investments must triple to address the urgent need for more projects, particularly as climate change-induced weather events add costs and require more resilient infrastructure to ensure safe and reliable access. To do so, projects need to be implemented with an open contracting approach at its core.
Our unrivaled licensing and banking networks are setting new standards of security, transparency, and speed for B2B cross-border payments,” said Sinead Fitzmaurice, CEO of TransferMate Global Payments – a subsidiary of the Clune Tech Group. “We All this is transparent across the payment journey, to the buyer and supplier.
The latest amendments, which have been elaborated in a previous post here , showcase a commitment to efficiency, flexibility, and party engagement, appearing to set a new standard for commercial dispute resolution and contain practical rules that are rare or absent in its comparable institutions.
Central to the event were the themes of generative AI, sustainability, security, and—importantly for Europe—digital sovereignty. This can help answer customer queries efficiently, pinpoint changes to contracts, and accurately assess risks such as fraud. Good governance is fundamental for responsible systems.
On-the-ground partners and volunteers collect samples at many of the smaller tributaries in the watershed, specifically in response to runoff events like the spring melt and heavy rains. Accessing data on DataStream helps us to efficiently target our resources to support the groups that need it most,” explained AWN director David Hodd.
The present post summarises the discussions held during the event. While the Dubai International Arbitration Centre ‘s (“DIAC”) representative could not attend the event, a message on the developments made by the DIAC was shared by its Registrar. CAM-CCBC is noted for its efficiency, with an average case duration of 21 months.
AI Can Improve Efficiency of Tax Administrations AI also promises to revolutionize tax administration. AI-powered systems can streamline tax filing processes, improve compliance, and personalize services for taxpayers, boosting revenue collection and improving the efficiency and effectiveness of tax systems. The model foresaw a 19.4%
The program holds valuable lessons for others working to empower contracting monitors with different skills and backgrounds to work closely together to foster transparency and better procurement practices in their regions. The first phase, Introductory Course on Public Procurement, took place online from October to December 2021.
Research suggests EHRs translate into better quality and outcomes of care: organisations that implemented EHRs had 30% higher adherence to clinical guidelines, a 54% reduction in medication errors, and a 36% reduction in adverse drug events. Transparency in the adoption of cloud is just so crucial.
These best-in-class solutions and services are proven to complement government ERP systems to increase productivity, efficiency, transparency, collaboration and compliance. “We and Canada. We are committed to helping public sector organizations better serve their constituents and improve their employees’ experience.
The inaugural Riyadh International Disputes Week (“RIDW”), commencing on 3 March 2024, is a milestone event for the Kingdom of Saudi Arabia (“KSA”) and the disputes field, uniting key players in the field to explore the alternative dispute resolution landscape in the KSA and beyond. They also feature the establishment of the SCCA Court (Art.
For the public sector, a transparent and stakeholder-focused sustainability strategy leads to an increased likelihood of citizen behavioural change, with resulting societal benefits. Graviton 4 delivers the best price performance and energy efficiency for a broad range of workloads running on Amazon Elastic Compute Cloud (Amazon EC2).
A supply chain event can have a massive impact on operations and production quality and leave customers in the lurch, impacting customer satisfaction, revenue, and profits. Visibility is essential to quickly and effectively respond to a supply chain event, and to collaborate with suppliers on innovative risk mitigation strategies.
All states want to use public resources wisely and efficiently but doing so quietly is not enough to meet expectations. For example, smaller states have more incentive to work together to increase their buying power, running joint sourcing events, and using co-operative contracts.
Discover how the Texas Department of Public Safety (DPS) is exploring AI and machine learning (ML) technologies to enhance operational efficiency, improve response times, safeguard frontline personnel, and more.
Today, organizations are looking to build supply chain resilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. . At our annual Ivalua NOW event in Paris, France–Ivalua asked, “Is your procurement team prepared to respond to unexpected supplier chain issues with speed and agility?”.
I was lucky to attend an inspirational presentation on the subject by Virginie Favray, Urgo Healthcare’s CPO, at a Procurement roundtable event, before the lockdown. It all starts with building up a transparent relationship. What are they transparent about? That is why, the group fully plays the trust card. .
To reduce inefficiencies and fraud, grant activities are governed by several regulations including these two relatively recently enacted laws: The Digital Accountability and Transparency Act of 2014 (DATA Act) – This law expands on federal awards reporting reforms that began with the Federal Funding Accountability and Transparency Act of 2006.
It is a science-based, open-access, online system that provides transparency in deforestation-risk supply chains by integrating socioenvironmental data from federal and state databases and land-use mapping from high spatial resolution satellite imagery (e.g., SeloVerde 2.1 post-2008 deforestation). Currently, SeloVerde 2.1 A SeloVerde 2.1
Premier event for Acquisitions / Procurement practitioners will showcase the innovations and best practices delivering improved efficiency, transparency and value to taxpayers. Full event details are available online. REDWOOD CITY, Calif. , Feb. Thought leadership on how to enable smarter procurement today.
This set the stage for Highline College’s recent implementation of a financial aid tracker solution that both reduces significant operational burden on its financial aid staff while simultaneously making the financial aid award process more transparent for learners. Since 2019, two separate hurricanes forced their data centers offline.
The initiative is intended to drive transparency, quality, and compliance in state procurement and improve the overall experience for all stakeholders. State of Maryland suppliers and procurement professionals have an easy-to-use tool to manage and participate in state-wide sourcing events, “said Jaideep Mulchandani, Principal with Nitor. “We
The automation and AI applications need to augment people, helping them to do their work more efficiently and make better decisions by putting more data at their fingertips in a digestible manner with just the click of a button. Discover more articles and videos now on Federal News Network’s Industry Exchange Cloud 2024 event page.
Arbitration has several features that suit the resolution of climate change disputes: neutral forum, arbitrators with specialist expertise, procedural flexibility, confidentiality (though in tension with transparency), and ease of enforcement. FM clauses with a limited list of FM events but stating that other events could be included.
These crises have tested the resilience of fiscal frameworks, highlighting the pressing need for greater adaptability to navigate unforeseen challenges efficiently. Integrating escape or exceptional event clauses has emerged as a vital mechanism amid these challenges. Learn about how to manage fiscal risks with FISLAC.
Giuseppe Busia, President of Italy’s National Anti-Corruption Authority (ANAC) highlighted digitalization as a key element to prevent corruption and improve efficiency in public procurement and provided concrete examples of how ANAC collaborates with civil society to pursue data-driven approaches to anti-corruption. Stay tuned.
One month after the conclusion of the 26th ICCA Congress, we look back and reflect on this remarkable event in the narrative around international arbitration. Kun Fan discussed how ideas of justice and efficiency may vary with context. The opening keynote by Bryan Garth set the tone for the Congress.
If this foundation does not exist or if it is shaky, then buyers don’t know how much the company is spending with a given supplier, let alone how they can improve the efficiency or impact of a given spend category. Direct spend suppliers are large, global, and absolutely critical to the company’s operations and their competitive advantage.
The development of a global network through the Friends of ACICA initiative, with events in Europe, the United States, and the Asia-Pacific region. The next event takes place in Hong Kong on 22 October 2024. sponsorship; broadcasting), and relating to the infrastructure and supply chains required for hosting large-scale events.
While much attention is being paid to ways to harness the power of AI, equally important are questions of safety and transparency, and the balance of collaboration between government and industry to advance strategic leadership in the global AI race. Click the Transcript tab at the top of the text box at any time to view event transcript.
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