Remove Efficiency Remove Procurement Strategies Remove Strategic Planning
article thumbnail

What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

Start by developing a strategic plan that aligns procurement goals with your organization’s overall objectives. Your procurement strategy should outline short-term and long-term goals, identify potential risks, and focus on building strong supplier relationships.

article thumbnail

Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

What is Smart Public Procurement? 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. Improved procurement strategies could reduce public debt by as much as 1.8%

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How Certified Procurement Professionals Drive Efficiency in Supply Chain Management

The Procurement School

P rocurement, a critical component of supply chain management, is transforming, driven by the expertise of certified procurement professionals. Armed with a Public Procurement Certificate , these individuals bring a new level of efficiency and strategic insight to the field.

article thumbnail

The Benefits of AI in Procurement

Oxford College of Procurement and Supply

By utilising AI, companies can streamline the entire procurement and supply process while allowing procurement teams to focus on higher value-added tasks. AI supports the development and deployment of effective strategic plans for enhanced profitability.

article thumbnail

Six opportunities to promote resilience and decarbonization through fiscal policy

Inter-American Development Bank

expand access to finance by developing climate finance strategies, building resilient and low-carbon project portfolios, and developing sustainable/green finance instruments.

Finance 52
article thumbnail

How to Secure Federal IT Contracts & Grow Your Business

Select GCR

These contracts enable IT companies to provide essential services and solutions that ensure the efficiency and security of governmental activities. To compete effectively, businesses must navigate the federal procurement landscape and comply with stringent government regulations.

IT 40