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Blockchain Technology and AI in Public Procurement

The Procurement ClassRoom

It can analyze procurement data to identify patterns and anomalies, helping detect corrupt practices and automate tasks such as market analysis, supplier selection, and bid evaluation. AI’s Role in Public Procurement AI enhances procurement by improving decision-making and streamlining processes.

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What is Strategic Sourcing and Why is it Important?

Oxford College of Procurement and Supply

The process of strategic sourcing requires continuous market analysis, goal recognition and an ongoing re-evaluation of sourcing activities. Strategic sourcing assesses all the costs of a company’s operations and considers what value suppliers can bring. It is, therefore, a long-term process.

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Free vs. Paid Tender Portals: Which is Right for Your Business?

Tracker Intelligence

These websites are designed to comply with transparency and legal publication requirements, ensuring that opportunities are available to all interested suppliers. Additionally, suppliers must consider the submission requirements, which include specific documents and information that need to be provided when participating in a tender process.

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Kronos Group and Ivalua join forces to optimise H.Essers’ Purchase2Pay & Contract Management

ivalua

After 8 months of deep market analysis, the Ivalua solution was the only one to meet all our requirements. In addition, Ivalua provides comprehensive and real-time data about our purchases, allowing us to manage spend and suppliers as effectively as possible.”.

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Friday Flash 10/20/23

The Coalition for Government Procurement

GSA Requesting Feedback on Draft Supply Chain Risk Management Questionnaire The General Services Administration’s (GSA) Office of Information Technology Category has developed a supplier assurance questionnaire to gather information regarding cybersecurity supply chain risk management (C-SCRM).

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Friday Flash 10/27/23

The Coalition for Government Procurement

It consists of eight plan elements: Begin with an executive summary; Identify critical suppliers; Identify supply chain risk to your critical assets; Implement supplier diversity; Develop a vendor attestation process; Develop a contingency plan; Train your employees; and Continuously monitor and improve.