Remove Eprocurement Remove Risk Management Remove Transparency
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Key Principles of Public Procurement: Transparency, Value, and Fairness

Tracker Intelligence

This guide examines the fundamentals of public procurement, including fairness, value for money, and transparency, and how they influence both ethical and effective procurement procedures. A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations.

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Your procurement compliance and risk management checklist

Bonfire

Keep reading for a checklist to help you optimize procurement compliance and internal risk management. Educate on the benefits to both them and the organization if the rules are followed—such as spending budget efficiently, increased transparency, avoiding legal issues, streamlined workflows, etc.

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Stretch Procurement partners with Ivalua to help companies reach the next level within procurement

ivalua

Built on a single code base with a unified data model, customers benefit from superior transparency and a consistent, seamless user experience. . “ We are proud to have helped the majority of Nordic global companies to increase collaboration, improve risk management and act more sustainable.

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5 Procurement Focus Areas for Cities & Counties in 2020

ivalua

The next level of risk management might include identifying and tracking subcontractors and second tier suppliers as well as general contractors/first tier suppliers. Transparency : The public needs as much visibility into public sector procurement as possible, and that includes suppliers who may wish to bid for city/county contracts.

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Modern CPOs on their way to Smart Procurement

ivalua

Today, they are tackling new priorities like risk management, supplier compliance, actionable insights. Digitizing the source-to-pay process eliminates paper, unnecessary phone calls / emails and improves transparency for all stakeholders. Compliance in Times of Uncertainty.