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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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The nexus between data management tools, transparency and procurement policy

Federal News Network

Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. Coalition members generally support the use of these new data management technologies.

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What is Fair and Reasonable Transparency? 

The CGP

Keeping with the title and theme of the Coalition’s Fall Training Conference, “ What is Fair and Reasonable,” this week’s blog addresses what is fair and reasonable transparency. Transparency is the key to effective communication between and among stakeholders in the procurement process. Transparency is in the government’s interests.

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The Nexus Between Data Management Tools, Transparency and Procurement Policy

The Coalition for Government Procurement

Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. Coalition members generally support the use of these new data management technologies.

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The four key drivers that can enable better IT procurement

Open Contracting Partnership

From healthcare management and social safety net technology to managing vaccine sign-ups during the pandemic , governments simply need to buy IT better. More often than not, public procurement of technology is viewed as non-transparent, uncompetitive, poorly planned, inefficient, costly, and having high failure rates.

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Agency software purchasing bill passes House

FedScoop

Legislation to improve federal agency oversight and management of software purchases passed the House on Wednesday, keeping top IT and software trade groups’ hopes alive that the bill will get through the Senate and become law before this congressional term is up. The Strengthening Agency Management and Oversight of Software Assets Act ( H.R.1695

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Demystifying AI: How RAG boosts efficiency in state and local government departments

AWS Public Sector

Enter Retrieval-Augmented Generation (RAG) and large language models (LLMs)—the dynamic duo powering the next wave of efficient state and local government services. Previously, this process took weeks, but with RAG, it now takes less than 15 minutes per inquiry, significantly improving efficiency and customer satisfaction.