The Role Of Social Value In Public Procurement: Driving Community Impact
Public procurement these days is not just about acquiring goods and public services at low costs. Nowadays, it focuses on delivering long-term benefits to communities, promoting inclusivity, and driving societal progress. Social value is a transformative approach shaping how public contracts are awarded and executed. Let us have a closer look at how social value […]
Enhancing Competition in Public Procurement: Lessons from the NAO Report
Competition in public procurement is not limited to financial competition; it is a key source of innovation and guarantees the fair allocation of public contracts. However, a recent National Audit Office (NAO) investigation has found that there are major obstacles to competition in this sector. If not resolved quickly, these issues could lead to higher […]
Impact of PPN 02/24 on AI Use in Public Procurement
Artificial Intelligence (AI) systems have become a crucial part of the digital economy driving change, and providing new opportunities supported by technological innovation. 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 […]
Addressing Challenges In Public Procurement: Overcoming Barriers to Efficiency And Compliance
Public procurement plays a significant role in economic and social growth by assuring that governments deliver vital services and infrastructure to their societies. Imagine a competent procurement officer surrounded by a myriad of daunting problems, including legislative procurement compliance solutions, inefficiency, and even the risk of fraudulent activity. These barriers should be dealt with if […]
Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value
Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. Data-driven decision-making enables procurement teams to improve performance and align with wider […]
Sustainable and Circular Procurement Practices in Public Sector Procurement
Public procurement encourages collaboration between government and private enterprises, in turn allowing public authorities to achieve sustainable and circular practices. Procurement promotes the use of digital tools, resources and applications to drive sustainable innovation across multiple sectors and determine the systems needed to achieve a more environmentally conscious transition. Effective procurement practices allow the establishment […]
In-Depth Analysis of Framework Agreements in Public Sector Procurement
Public sector procurement relies heavily on framework agreements as a streamlined purchasing tool for goods and services. Pre-negotiated terms are provided that reduce the complexity for contracting authorities in procurement whilst allowing suppliers to capture opportunities more efficiently. These agreements take on even greater importance under the Procurement Act 2023, with greater emphasis on transparency, […]
Procurement Framework: Find The Best Solution For You
In 2023, the U.S. federal government awarded a total of $759 billion in public sector contracts, representing a $33 billion increase from the previous year. This emphasises the importance of being on the right framework agreements for suppliers. For suppliers, securing a position on an essential public sector frameworks list is more important than ever. […]
