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 ...
UK Gov Major Matrix Procurement
In February this year, the UK government launched the new Department for Science, Innovation and Technology (DSIT) a department created to assist the UK in becoming an innovative economy. The department brought together five 'future' technologies - quantum, AI, engineering biology, semiconductors, future telecoms – along with life sciences and green technologies, into one single department ...
Why Good Data Matters More Than Ever
Governments spend a lot.
How we spend this money is important for a whole slew of reasons.
We often overlook how effectively procurement functions on a day to day basis. In most countries, our streets are lit, our roads are repaired, our hospitals have drugs and public websites are accessible for all to use. This may feel like ...
Governments Worldwide Reassessing Procurement, Post-Pandemic
The COVID-19 pandemic brought unprecedented challenges to governments around the world, especially in the procurement of essential supplies and equipment. As the crisis gradually recedes, governments are taking stock of their procurement strategies and reevaluating their approaches to ensure better preparedness for the future.
Over the last few years we’ve reported on how Covid effected European procurement, ...
Using Government Procurement Data To Propel Growth
In a world of data-driven decision-making, businesses are constantly seeking information to drive growth and competitive advantage. One highly beneficial resource is government procurement data. Accessing and analysing this data can provide companies with invaluable insights, enabling them to identify new opportunities to sell to government, while expanding their customer base, optimising their operations, and ultimately ...
Transforming Public Procurement-Consultation Open
in December 2020, we shared the UK Government's Green Paper consultation on ‘Transforming Public Procurement’ which outlines proposed measures to be included in the Procurement Bill. The Government’s response to the consultation was published in December 2021 including an analysis of 600 responses from government, industry, trade bodies and others. The Procurement Bill was then introduced ...
Procurement Rules Tighten for New Zealand
Following the recent adjustments made to procurement laws in the UK based on national security, New Zealand's Government Procurement (NZGP) is also taking steps to strengthen its own national security through tighter procurement rules. New guidelines coming into effect on August 14th, aim to provide guidance to government procurement bodies to mitigate state security risks when ...
North Macedonia Joins WTO Government Procurement Act
The Government Procurement Agreement 2012 (GPA), under the World Trade Organisation (WTO), aims to establish fair, open, and transparent competition in government procurement markets worldwide, which collectively exceeds $13 trillion.
The GPA consists of 21 parties representing 48 WTO members, with an additional 35 WTO members participating in the Committee on Government Procurement as observers. Through this ...
Permissions Capability Procurement Shortcomings
It's been a busy week for government procurement audits globally, including the most recent report from the Australian National Audit Office(ANAO), looking at the Department of Home Affairs (Home Affairs or the department) procurement process for a ‘Global Digital Platform’ (GDP), an IT workflow system to modernise the processing of Australian visa applications.
The procurement process originally ...
UK Procurement Bill Amendments For National Security
We've been following the the UK Government's proposed new Procurement Bill as it has made its way through the House of Commons and the House of Lords. Yesterday, the Government announced new amendments tabled, with the objective of strengthening national security.
The amendments include the creation of a specialist unit, the National Security Unit For Procurement, to ...
Net Zero Needs Further Action, Says NAO
A new National Audit Office (NAO) report highlights that further action is needed by the UK Government to strengthen governance and delivery mechanisms, if it is to secure value for money for its £4.2bn of innovation spending in pursuit of net zero.
The NAO’s latest study investigates whether the government is set up to deliver value for ...
Critical Audit on Australia’s Frigate Procurement
The Australian National Audit Office (ANAO) has recently released its findings into a review of the Department of Defence (Defence) 2018 procurement of Hunter class frigates. The acquisition of nine frigates was a key part of the Australian Government’s planned expenditure on naval shipbuilding and maritime capability.
The ANAO review builds on previous Auditor-General work on Department ...