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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. This vision aligns with the aspirations of many governments: leveraging technology to enhance public services , reduce costs, and promote sustainability.

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

Inter-American Development Bank

What is Smart Public Procurement? Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. Improved procurement strategies could reduce public debt by as much as 1.8%

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Three ways World Bank procurement can drive collaboration for the SDGs

Open Contracting Partnership

Traditional procurement approaches prioritised lowest price, which led to unintended consequences like accepting bids of lower quality, a lesser performance record or that did not adequately allow buyers to consider equity, sustainability or socio-economic objectives like creating local jobs.

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Sustainable and Circular Procurement Practices in Public Sector Procurement

Tracker Intelligence

Public procurement encourages collaboration between government and private enterprises, in turn allowing public authorities to achieve sustainable and circular practices. The following blog will provide a more detailed exploration of creating sustainable procurement strategy, their benefits and challenges during implementation.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Additionally, by researching new suppliers every few months or so, they can ensure they’re always getting the best deal possible on the goods and services they need to sustain their operations. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.

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Ivalua Launches Pre-Packaged Spend Management Solutions for Financial Services

ivalua

Implement and demonstrate the value of their sustainability strategy and improve their company non-financial rating . Digitization has been an integral part of our procurement strategy. Effectively manage third party risk with 360 degree visibility, including subcontractor exposure.

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New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives

ivalua

Lack of system integrations and actionable insights are stopping organizations from accurately measuring performance. The research, conducted by Forrester Consulting and commissioned by Ivalua, found that procurement teams are increasingly being measured by non-cost KPIs such as revenue opportunities being created, payment performance (e.g.