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These multifaceted issues underscore the need for a diverse, well-informed procurementteam that can navigate the technical, ethical, legal and community aspects of implementing effective public safety tools while ensuring responsible use of taxpayer resources.” . Consider the totalcost of ownership, not just upfront costs.
The Oxford English Dictionary defines benchmarking as: Evaluating (something) by comparison with a standard. In procurement, benchmarking involves assessing supplier performance, costs, and processes against industry standards or competitors to ensure you are receiving the best value. The answer lies in benchmarking.
However, the greatest overlap is the procurement life cycle or as some refer to it as the Procurement Journey. This two-part series discusses the five steps of the procurement journey beginning with concept and development and continuing with posting, evaluation and award.
Enterprise IT procurementteams increasingly see the value of focusing on FLOPS (floating point operations) per watt rather than FLOPS per second in evaluating their hardware buys and totalcost of ownership.
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