Remove Procurement Remove Procurement Contracts Remove Supplier
article thumbnail

Tightened Payment Terms for Public Procurement Suppliers

Spend Network

The UK government's new tightened payment terms for suppliers in public procurement contracts signals a vital move that will have far-reaching impacts across the business landscape when bidding for contracts.

article thumbnail

Contract Management’s Impact on Procurement Efficiency

The Procurement School

Contract Management is often thought to be the last step in the Procurement life cycle but instead it is both the beginning and end of the procurement cycle and it provides a constant feedback loop. The following article discusses the various steps of contract management and its role in procurement efficiency.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Portugal's plan for mandatory green public procurement (III - food procurement)

Telles.eu

After the first two entries ( here and here ) of a more general nature, this one will be focused on contract specific critiques, in particular food procurement (contract types 9 and 15). How small is the potential field of suppliers (and supply) once we layer down these requirements together?

article thumbnail

European Commission transforms public procurement across Europe with AWS and NTT Data

AWS Public Sector

Public procurement—the process where public authorities like government departments or local councils purchase goods or services from companies—is a vital economic driver in Europe, accounting for more than 13 percent of the gross domestic product (GDP).

article thumbnail

The Benefits of AI in Procurement

Oxford College of Procurement and Supply

Over the last few years, procurement has been undergoing a digital transformation. AI can bring many benefits to procurement teams and their companies. In this post, we take a look at the benefits of using AI in procurement departments. Information AI allows procurement teams to mine huge amounts of complex data.

article thumbnail

How Government Contracting (Government Procurement) Offers Opportunities for Innovation

Tracker Intelligence

In the UK, the government spends around £284 billion on public sector contracts every year. With so much money in play, it should be unsurprising that government procurement attracts so much interest. Even big names like Amazon, Dell, and Apple hold government contracts in England. What is Government Contracting?

article thumbnail

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). What is Smart Public Procurement?