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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). What is Smart Public Procurement?

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How Kazakhstan is combating non-competitive procurement

Open Contracting Partnership

The achievement Kazakhstan has seen a dramatic decline in the use of single-source procurement in recent years. In the general public procurement market (valued at around US$19 billion annually), direct awards have dropped from 81% of the value of all procedures in 2017 to 23.5%

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FBI’s AI efforts face funding and workforce barriers, OIG finds

FedScoop

The funding issues the FBI faces manifest themselves in two primary areas: procurement, and data architecture and IT infrastructure. Procurement is also a challenge for the FBI, staffers said, because most commercially available AI products do not have adequate transparency of their software components.

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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

When it comes to procurement, having a clear, strategic approach is key to delivering value to your organization. Whether you’re in education, government, nonprofit or the private sector, procurement can be a powerful tool for maximizing savings, streamlining operations, and ensuring compliance.

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Cleveland’s new strategic plan focuses on making city government work better

American City & Country

The mayor’s purpose that day was to introduce his new 10-year operational strategic plan to an audience of some 500 employees—a plan intended to modernize the way government works, make services more accessible, empower the city workforce and improve the city’s financial outlook.

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MDA Taps VetTech for $348M Strategic Planning & Financial Management Support Contract

GovCon Wire

million contract for financial management and strategic planning, accounting and cost estimating and analysis support services. The Department of Defense said Tuesday MDA competed the cost-plus-fixed-fee contract through an online solicitation and received two offers for the procurement effort.

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Managing Supply Chain Disruptions: U.S., U.K. Manufacturers Accelerate Procurement

ivalua

Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. A full 84% of procurement leaders agree that dealing with supply chain disruptions has been their biggest career challenge to-date.