Demystifying Government Procurement Data: The Path to Transparency
Government procurement, represents a significant portion of public spending, in fact, globally, the total government procurement spend sits at $13 trillion (USD). Transparency, efficiency, and equitable allocation of resources are key focus areas for government spending, and the shift to governments embracing procurement data to improve transparency and make better informed decisions, continues.
In this article, we ...
The EU Supply Chain Act is Coming – Are You Ready?
The European Union will soon require thousands of large companies to actively identify and reduce human rights abuses and environmental damage in their supply chains. This new EU regulation will also cover foreign businesses with operations in the region, including American companies.
The European Parliament approved a draft of the rules in June, 2023. Now EU members ...
Using Data Analytics To Enhance Transparency in Government Procurement
Transparency and accountability are the cornerstones of effective governance. In the realm of public procurement, these are critical to ensure fair competition, prevent corruption, and optimise resource allocation. In recent years, the integration of data analytics has emerged as a key way for governments to analyse their procurement processes.
The Promise of Data Analytics
Data analytics, the process ...
Using Government Procurement Data for Association Growth
Trade associations play a pivotal role in fostering collaboration, knowledge-sharing, and collective growth among businesses operating within specific industries.
As these associations navigate the evolving business landscape, government procurement data has become an increasingly useful tool to assist associations. Here are a few ways it can help.
Unlocking Insights through Government Procurement Data
Government procurement represents a substantial economic ...
Sustainable Public Procurement Initiatives Across Continents
Governments around the world are recognising their role in shaping sustainable economies through their procurement practices. With a global government procurement market valued at $13tn many nations are implementing sustainable public procurement initiatives. We take a look at some here:
1. Europe: Sustainable Procurement Practices
Europe has been at the forefront of sustainable public procurement (SPP) initiatives, championing ...
Enhancing Export Strategies through Government Procurement Data
While traditional methods of market analysis and trade agreements remain vital to export agencies, the role of data-driven insights from government procurement data is emerging as a powerful tool to shape and enhance export strategies.
Government procurement, the process by which public authorities purchase goods and services, represents a $13 Trn (USD) global market opportunity. By delving ...
Leveraging Government Procurement Data For Trade Associations
Government procurement data can serve as a goldmine of insights for trade associations, enabling them to advocate more effectively on behalf of their members, provide opportunities for members to take advantage of the $13trn (USD) government procurement market, and drive positive change within their sectors. Here are four ways in which trade associations can tap into ...
Why SMEs Should Do Business With Government.
For many SME’s, doing business with government is not high on their prospecting list. In the media, much of the coverage around government suppliers tends to be about big consultancies and major multinational technology companies. It’s understandable then that many smaller businesses would consider becoming a supplier to government highly unlikely.
But in recent years, many governments ...
Procurement Disruption Continues
The disruption in traditional procurement continues around the world, with many countries moving towards digitising their government procurement processes. E-procurement platforms are being implemented to streamline the purchasing process, reduce paperwork, and enhance transparency. This transformation aims to make procurement more efficient and accessible for both suppliers and government agencies.
So too, artificial intelligence and automation are ...
Zombie Tenders Continue To Rise
Public sector contracting in Europe continues to demonstrate worrying levels of uncompetitive tendering. Across 2022/23 nearly one in three reported contracts were let having received just one bid.
This amounted to nearly half a million contracts, with many more contracts unreported, this number could be higher still.
We call these zombie tenders and it is worth putting them ...
Does Procurement Data Really Matter?
It's well accepted that efficient procurement leads to cost savings, better strategic decision-making and can contribute to overall business growth. But less focus is given to the fact that in order to achieve excellence in procurement, a foundation of good procurement data is essential.
Here are eight reasons why quality data is critical to transformational procurement.
1. Informed ...
US Gov Breaks Small Biz Procurement Record
The USA's Small Business Administration plays a key role in setting government contracting goals in any given year. Individual government agency scorecards have been developed to help track against these goals. This week, the US government has reviewed recent performance.
The Biden-Harris Administration has advised its small business contracting goal of 23% growth this fiscal year (FY) ...
Transforming Public Procurement-Part 2 Consultation Open
In June 2023, the UK Government opened the first part of its public consultation on the legislation required to implement the new public procurement regime established by the new draft Procurement Bill.
Split into two parts, the second part of the consultation has opened this week, a technical consultation on the draft secondary legislation relating predominantly to ...
Measuring Carbon Reduction
What Is Carbon Reduction in Procurement About?
Governments and companies are setting deadlines for achieving zero emissions. Public procurement can be used as a lever to drive change by promoting lower carbon alternatives into government supply chains.
This worked example below shows how using good procurement data and combining it with emissions data, it is possible to help ...
Why Good Data Matters.
Not all data is the same. It might have come from the same source, but how it gets treated is vital. If a data company doesn't have good data hygiene practices things can get messy very quickly, making it hard to understand the data or undermining your valuable analysis.
These are our rules for ensuring data integrity:
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