Data As A Procurement Pipeline
There is a lot of procurement data out there, but it doesn’t always have reliable or consistent features. Data that's raw, unreliable, inconsistent, and scattered across different systems is hard to work with and makes it difficult to create a robust business pipeline.
Most procurement teams conduct some level of pipeline analysis in order to plan activity ...
Global Government Procurement Creates 15% Carbon Emissions
A recent report by the global business strategists Boston Consulting Group and the World Economic Forum has found global government procurement is responsible for 15% of all greenhouse gas emissions. Their study reported that governments spend $11trillion(USD) annually-or 15% of global GDP, on procurement every year. Our own prior study, tracked the value of global procurement at ...
What Biden’s Green Procurement Bill Means.
One of the first things President Biden did when he came into office was launch an executive order on green procurement.
That is, he put requirements in place for all US government procurement around sustainability and the reduction of C02 emissions.
Specifically, agencies are directed to seek carbon-free electricity by 2030, zero-emission vehicle emissions by 2035, net-zero-emission from ...
Government of Victoria’s Procurement Goes Digital
In November 2021, the Australian state Government of Victoria launched a digital strategy, which identified the frailties of the existing process for ICT procurement and offered strategies to simplify the process with the objective of encouraging a broader range of companies to do business with the government.
A key part of the strategy is the creation of ...
UK Government Release Procurement Green Paper Findings
In December 2020, the UK Government Cabinet Office set out proposals for shaping the future of public procurement legislation with the publication of a Green Paper, Transforming Public Procurement.Preview (opens in a new tab)
The overarching goals of these proposals were to speed up and simplify the Government procurement processes, in their words, ‘placing value for money ...
When and when not, to do it yourself.
-By Alex Yeung
As a side hobby, I regularly cook. Apparently, it’s quite popular. It’s certainly lighter, less salty, less sugary, and saves a small fortune in eating out.
"You should sell this," regularly pops up in conversation. This led me to think, "let's see if I can scale up."
So, I set up a house party. Shopped around ...
First Look At NZ Government Procurement Enquiry Findings.
Earlier this year we shared the New Zealand Government's decision to improve its health procurement through a review process of Pharmac, the Crown entity that chooses medicines and pharmaceutical products for community and public hospitals.
A Review Committee was asked to consider how well Pharmac performed against its objectives and whether its performance could be improved. It ...
Machine Learning And Nudge Economics
Machine learning is seeping into our everyday lives, it powers our social feeds, our song recommendations, and our internet searches. It’s coming for your chatbots and the car you drive. Its potential to pervade business is obvious.
We wrote about our classification algorithm here, a tool that is forty-four thousand times faster than a human. Using machine ...
US Green Procurement Drive.
While on his campaign trail, Joe Biden guaranteed to use the federal government’s $500 billion-per-year buying power to “drive towards 100 percent tidy power as well as zero-emissions cars.”
Fast forward to earlier this month and President Biden signed an executive order that demonstrates how the United States will leverage its scale and procurement power to lead ...
From Ok,To Good, To Great.
We like a challenge.
That's why our goal is so clear and bold: to gather every public tender and contract in the world and make it freely and openly available.
But that's not all we do. When we get the data we also need to make it useful. It isn't enough to just present a document, it has ...
Consultancy Risks Government Contract Ban.
With £244 million in UK Government contracts won in the 12 months to March 2021, KPMG will no doubt be feeling the heat after receiving a letter from the Cabinet Office seeking assurances that there would be no further missteps after recent misconduct allegations.
KPMG risks being banned from bidding on government contracts altogether, should more concerning ...
The Buyers That Stole Christmas (Reprise)
It is that time of year again, where our halls are decked with holly, presents are under the tree, plans for a well earned break are definitely afoot. Yet despite this seasonal joy, a group of buyers have inexplicably decided to ruin Christmas for some of their suppliers by publishing tenders that need to be completed ...
We Don’t Want Your Trust.
Not because we're shifty. We're not.
You don't have to trust us. Specifically, you don't have to trust our data.
If you have to trust us, that means you’re hitting and hoping. We get that you can’t know everything, but you will always know exactly what you’re getting from us.
So you don't need to trust us, you can ...
Intelligent Procurement Fraud Is Coming.
Are you ready for artificial intelligence fraud?
We've already written about the almost magical capabilities of artificial intelligence here.
We're using it to augment millions of documents. We're using it every day, creating cleansed, enhanced data that would take humans hundreds of years to process manually.
The latest natural language processing algorithms are completely changing our relationship with text. ...
What Do You Want To Predict?
Machine learning is changing the world.
Spend Network is already using machine learning to categorize all of our documents. The results are stunning. Hundreds of millions of documents can be labelled with highly accurate categorisations in a matter of hours.
Doing the same work manually would have taken 852 years.
Let that sink in.
An algorithm can enhance and augment ...