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Modernizing Public Infrastructure: The Power of Strategic Procurement

The Procurement ClassRoom

In his article “ The Future of Public Infrastructure is Digital “, Bill Gates envisions a world where infrastructure is smarter, more efficient, and digitally integrated. However, one critical element often overlooked in these discussions is public procurement.

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CYBERCOM embraces the non-traditional as acquisition program grows

Federal News Network

“So we’re expanding our ability to acquire cyber goods, cyber services for the DoD in an integrated and holistic way,” Maggiulli said. Integration is crucial, because things are changing every day,” Maggiulli said. And most importantly, it’s the talent of the people across the services as well.”

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Procurement strategies shifting to restore growth post-COVID-19, reveals Ivalua research

ivalua

However, the research reveals that many organisations feel their procurement strategies are being hampered by outdated technology: Organisations believe that overly dispersed (72%), unactionable data (70%), and a lack of embedded best practices (70%) are limiting overall value from technology solutions.

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Procurement Strategies Shifting to Restore Growth Post-COVID-19, Reveals Ivalua Research

ivalua

However, the research reveals that many organizations feel their procurement strategies are being hampered by outdated technology: . For many organizations, procurement was crucial to keeping supplies flowing during the pandemic and minimizing the impact on profitability. comments David Khuat-Duy, Corporate CEO at Ivalua.

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Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

Procurement decisions may also be influenced by emergencies, such as the need for the prompt delivery of goods and services to address disasters like earthquakes or hurricanes. The level of competition in the market can also influence the choice of procurement method.

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

Inter-American Development Bank

Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM). of GDP, according to FISLAC calculations.

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Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

In the era of digital transformation, blockchain technology emerges as a beacon of hope for enhancing transparency and integrity in public procurements. By leveraging blockchain’s capabilities, these entities can significantly mitigate corruption risks, streamline operations, and foster a more transparent procurement environment.