Remove Procurement Contracts Remove Procurement Strategies Remove Strategic Planning
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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

In other words, smart procurement also considers the potential social and developmental impacts of public spending, rather than solely focusing on rule compliance or the cost of resources. Improved procurement strategies could reduce public debt by as much as 1.8% of GDP, according to FISLAC calculations.

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The Benefits of AI in Procurement

Oxford College of Procurement and Supply

By utilising AI, companies can streamline the entire procurement and supply process while allowing procurement teams to focus on higher value-added tasks. AI supports the development and deployment of effective strategic plans for enhanced profitability.