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Publicprocurement 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 PublicProcurement?
As publicprocurement teams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Processes and Compliance. Scalability.
Paola Diegues is a self-proclaimed publicprocurement enthusiast. Their business facilitates access to procurement information, providing powerful analytics that help companies to search for new opportunities, prepare bids, and evaluate their performance on past tenders. They currently service 30 clients in Latin America.
These agreements define terms, conditions and price for goods and services and allow authorities to procure without having to re-run lengthy tender processes. Tracker Intelligence provides businesses with the tools to find the right publicprocurement frameworks , and the insight to help suppliers win these valuable contracts.
Opportunity #4: Green ProcurementPublicprocurement accounts for about 20 percent of total government spending in the region, so the contribution of green procurement policies and management to commitments under the Paris Agreement is potentially high.
Challenge : In 2020, only 5% of Lithuania’s publicprocurement spending by value used green criteria that favor environmentally friendly products and services. Results : Levels of green procurement uptake across Lithuanian public institutions have increased to 94% by value and 93% by total procedures as of 1 December 2023.
Sustainable government procurement is the process of acquiring goods and services that meet the government entity’s needs while minimizing environmental and social impacts. Publicprocurement is key to this endeavor because public institutions and state enterprises must procure vast amounts of goods, services, and works to do their jobs.
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.
Publicprocurement can shape our world. On 15-16 June, together with the governments of Albania, Italy and the Netherlands, we held a conference on Open and Sustainable Procurement in Europe for about 100 procurement leaders from 25 European countries. There were many, many more great examples to share.
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