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Effectiveness and Efficiency in Public Procurement: Key Pillars for Optimal Resource Management

The Procurement ClassRoom

This discussion delves into the importance of these principles, examining both the goals to be achieved (effectiveness) and the optimal use of resources (efficiency). Introduction In public procurement , effectiveness and efficiency are crucial for achieving optimal results using public resources judiciously.

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Understanding Standard Bidding Documents in Public Procurement

The Procurement ClassRoom

These documents communicate the intent of the procurement entity to enter into contracts with suppliers, contractors, or consultants for the provision of goods , services , or works. Quality Requirements : They describe the quality and specifications of the goods , services , or works required.

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The Key Pillars of Third-Party Risk Management

ivalua

The importance of a single supplier database and a 360 degree view of all information and activity is often underestimated. Figure 2: Critical Risk Factors for Services Organizations. Figure 3: Top 3 Most Important Risk Information Types. Figure 5: Top 3 Most Important TPRM Features. Figure 4: Most Used TRPM Tools .

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New HHS request for proposals, has industry up in arms

Federal News Network

People all across America depend upon knowledgeable, capable person at the other end of the line when they call, but they expect good service and by and large, they’ve been getting it. Tom Temin We’re speaking with David Berto, president, and CEO of the Professional Services Council.

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3 Ways Procurement Can Help Grow Revenues (Part 2)

ivalua

No wonder no other objective increased in importance more according to Forrester Consulting’s study on restoring growth , with 65% saying it increased. That can be more important than the level of risk of individual suppliers. These can impact the brand and hence revenue. Strategies such as China + 1 represent a step in this direction.

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Frameworks under the Procurement Act - FAQs

VWV

In this guide we offer practical insights into using frameworks under the new Procurement Act (the Act) and highlight some of the important changes introduced by the Act. Framework agreements are a useful tool for procuring common goods, services and works.

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Navigating the 5 Steps of the Procurement Journey Part 1

The Procurement School

Needs analysis ensures an accurate understanding of the goods / services being procured. It is important that key subject matter experts (SMEs) are involved with the planning of the project.