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Photo: Umm Al Quwain – Rainer Strehl David Drabkin and Christopher Yukins presented on October 3, 2024 at the International PublicProcurement Conference 9, a regular event which was held this year in the emirate of Umm Al Quwain in the United Arab Emirates.
Government expenditure through publicprocurement is essential since it ensures that there are contracts available to be bid in a fair, open, and competitive manner. Having a solid understanding of publicprocurement principles enables procurement professionals and suppliers to confidently navigate public sector procurement.
As these systems begin to play a more important role, the government needs to uncover the risks associated with using artificial intelligence in procurement, and what steps need to be taken to manage these risks effectively. AI compliance in publicprocurement remains a developing process.
Challenge: In 2020, publicprocurement in the Dominican Republic lacked public trust and credibility due to several high-level corruption scandals. The island’s procurement agency faced more than 250 open complaints and allegations of collusion and low competition in the procurement process.
He offers this purchasing example: “Using cooperative contracts for government IoT technology procurement offers significant benefits in cost savings, efficiency, and riskmanagement.” OMNIA Partners , who sponsors this page, offers a robust portfolio of cooperative contracts in the publicprocurement space.
The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures. As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier riskmanagement are essential components to maintain stability during crises like these.
The intention is to encourage consideration of ways to simplify and open opportunities for SMEs to efficiently participate in more publicprocurements. The suggestions apply to all segments of competitive bidding, including the SME segments of Supplier Diversity, Indigenous and Social Procurement.
P rocurement, a critical component of supply chain management, is transforming, driven by the expertise of certified procurement professionals. Armed with a PublicProcurement Certificate , these individuals bring a new level of efficiency and strategic insight to the field.
Opportunity #2: Disaster RiskManagement The increase in the frequency and intensity of disasters caused by climate change is a major challenge for the region, given that we are one of the region’s most vulnerable to the negative effects of climate change.
In this sense, he explains that these deviations must be continuously reflected in the planning of the project to avoid losses, and mechanisms like risk event pricing help manage this incompleteness. He defended that proper riskmanagement can lead to cost savings.
Publicprocurement is not just about ensuring a single contract; instead, it requires a long-term strategy to stay ahead of the competition. Success in this space requires more than just submitting bids; it demands strategy, consistency, riskmanagement, and a deep understanding of the ever-evolving rules.
Kraig Conrad, CEO of the National Contract Management Association, said the memo stands out for its emphasis on oversight during the post-award phase of federal contracts. This includes reviewing planned acquisitions involving an AI system or service and provide any feedback on AI performance and riskmanagement practices.
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