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The Importance of Ethical Procurement Practices in Public Sectors

The Procurement School

Many organizations have written policies and guidelines on Ethics, but is this situation an Ethical or Moral issue? In conducting research for this article, I found many definitions of ‘Ethics’. I asked a search engine ‘What is the difference between Morals and Ethics?’ Mind1(1) ‘Ethics deals with right or wrong conduct.

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What is the FAR: Your Guide to the Federal Acquisition Regulation

Select GCR

Simply put, the Federal Acquisition Regulation (FAR) is the primary rulebook governing all federal government procurement processes. This extensive set of rules ensures purchases are conducted fairly, efficiently, and in accordance with the law to best serve public interests. government procurement. What is the FAR?

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Procurement & Contract Planning: Canadian Public Sector Guide

The Procurement School

Procurement service providers work closely with public sector procurement consultants to streamline processes, maintain transparency, and uphold ethical standards. This collaborative effort ensures that the procurement landscape remains fair, competitive, and cost-effective.

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The Public Procurement Glossary

Tracker Intelligence

Governments aim to support ethical, sustainable businesses while getting the best value. Fairness: Equal Opportunity for All Public procurement is built on fair competition. Whether you’re a big company or a small supplier, everyone should have a shot at winning contracts based on merit.

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Exploring the Foundations of Canadian Contract Law within Procurement Practices

The Procurement School

Canadian contract law emphasizes the importance of clearly defining the rights, obligations, and expectations of all parties involved. Practical Application: When crafting procurement contracts, it is crucial to be thorough and precise.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Transparency and Compliance Procurement data analytics allows public sector businesses to increase transparency by having up-to-date information on supplier risk, spending analysis, and procurement contracts. Prior purchase data is also used for demand forecasting improving resource management and operational efficiency.

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Procuring AI without understanding it. Way to go?

How to Crack a Nut

the highest) performance metric to win procurement contracts ‘, while ‘ not all buyers may have the technical knowledge to understand which performance metrics are most relevant to their procurement decision ’ (at 10). Some vendors raised concerns that their competitors choose the most favourable (i.e.,