What the New UK Procurement Bill Means for Suppliers
The UK's upcoming Procurement Bill, designed to reshape the post-Brexit public procurement system, is entering its final legislative phase. The House of Lords is reviewing amendments proposed by the Commons, with the next session scheduled for October 24, 2023. This stage is the last hurdle before the bill becomes law.
The anticipated launch date for the new ...
Transparency in Global Public Procurement
Transparency is a cornerstone of accountable and responsible governance, particularly in public procurement. Ensuring procurement transparency is a matter of ethical governance and a catalyst for efficiency, fair competition, and economic growth.
But the role of transparency in public procurement extends beyond ethical governance; it contributes to the creation of equitable and competitive markets. Here are five ...
EU’s First Joint Defence Procurement Deal
The European Parliament has taken a significant step in enhancing the defence industry and international relations with its first-ever joint procurement agreement for defence. Named the European Defence Industry Reinforcement through Common Procurement Agreement (EDIRPA), this project was initiated in response to the war in Ukraine.
Combating Fragmentation of Demand EDIRPA seeks to address the long-standing fragmentation ...
Using Data To Transform Government Procurement
Data-driven transformation is reshaping government procurement by enabling a shift from reactive to proactive decision-making. Here are some of the ways data is supporting that shift.
Transparency and Accountability
Data strengthens transparency and accountability through real-time monitoring and reporting. Governments can monitor procurement processes in real-time using data analytics. This transparency ensures compliance with regulations, reduces fraud, and ...
Revolutionising Government Procurement with Predictive Analytics
The realm of government procurement is undergoing an evolution. Predictive analytics, an approach to harnessing data insights, is changing how governments approach procurement processes. This article explores the impact of analytics on government procurement, highlighting how it enhances efficiency, transparency, and strategic resource allocation.
The Power of Predictive Analytics in Government Procurement
Predictive analytics involves leveraging historical data, ...
How Data Can Revolutionise Government Procurement
In the rapidly evolving landscape of modern governance and economics, data has emerged as the new currency driving strategic decision-making and policy formulation.
Government procurement, traditionally viewed as a bureaucratic process, has undergone a paradigm shift as the potential of data to revolutionise procurement becomes increasingly apparent. This is where blending data science with procurement turns data ...
Collaborative Procurement: A Path to Efficiency?
Collaborative procurement strategies have emerged as a powerful tool for driving efficiency, cost savings, and impactful outcomes. We've covered examples of collaborative procurement strategies previously, in the construction industry, and with European joint ammunition procurement.
Collaborative procurement involves multiple governments or public entities joining forces to pool resources, share expertise, and collectively negotiate contracts with suppliers. This ...
Transparency in Public Procurement & How To Get it.
Ensuring transparency in government procurement is not only a matter of ethical governance but also a catalyst for efficiency, fair competition, and economic growth.
But how? What exactly does transparency do to ensure these things? Here's a quick overview of how it works, and what governments can do to make it a part of their processes.
By Preventing ...
AI, a path to riches
The introduction of Artificial Intelligence (AI) has begun to reshape the very core of procurement analytics. As part of an EU project exploring data enrichment, we're learning exactly how AI is catalysing a new age of data enrichment in the procurement sector.
AI-Powered Data Enrichment in Procurement:
Automated Supplier Analysis: Using AI, procurement teams can automatically link and ...
Enhancing Trade Association Efforts with Government Insights
Trade associations work hard to provide opportunities for their members. Government procurement insights are a new tool to empower trade associations to navigate the landscape of global trade more effectively, and provide greater opportunities for their members who work in this space. Trade associations can deliver practical and powerful market intelligence to members through Government ...
Unlock Market Insights For Your Export Strategy
One often untapped growth source for export agencies is government procurement data. Integrating this data into your export strategy can provide a powerful blueprint for success, offering valuable insights into market trends, demand patterns, and opportunities for growth.
Unlocking Key Market Insights
Government procurement data provides insight into a market's spending priorities, needs, and consumption patterns. By analysing ...
Navigating Government Procurement Data: Tips for Beginners
Whether you're a novice or a seasoned professional, tapping into the valuable resource of government procurement data is a goldmine for exporters, consultancies and government suppliers.
Government procurement data includes a range of information related to the purchasing activities of public sector entities, at all levels of government. It includes details about contracts, suppliers, products or services ...
From Data to Dollar: Maximising Value in Government Procurement.
Government procurement data is not just a collection of numbers and statistics; it is a strategic asset that holds the key to unlocking value for both public sector buyers and suppliers. Transforming data into dollars lies in harnessing insights for cost savings, and improved procurement efficiency.
Data-Driven Supplier Selection
Selecting the right suppliers is crucial for successful procurement ...
Can Government Procurement Data Help Achieve Net Zero Targets?
In the face of climate change and growing environmental concerns, the global call to action for achieving net-zero emissions has never been louder. Governments worldwide are setting ambitious targets to combat climate change, aiming to balance greenhouse gas emissions with removals by the mid-21st century. We wondered, how can government procurement data help with this process?
The ...
Improving Supplier Performance through Data.
One of the most potent tools at the disposal of government buyers, is procurement data, which can be used to improve supplier performance, forge stronger partnerships, and elevate overall business success. The Supplier Performance ChallengeSuppliers are the lifeblood of any government, providing the goods, services, and resources needed. However, managing a diverse and evolving supplier ...