Many of procurement’s highest priority challenges are relationship-based, both inside and outside the organization which makes it even more imperative for procurement to begin exploring ways to leverage social media to a greater extent. Procurement needs to build relationships with executive leadership, distributed buyers, finance, accounts payable, as well as suppliers: both prospective and contracted [...] Continue reading → 
Public procurement contracts account for a significant share of the economy making public procurement rules a powerful tool for achieving specific societal goals, whether environmental, social or innovative. Public procurement should be greener and more socially responsible. Instead of simply accepting the lowest bid, public authorities should go for the “most economically advantageous tender” which [...] Continue reading → 
Development Procurement presents its first ever white paper for the readers including procurement professionals. The first white paper is titled as ” Driving Innovation To Public Procurement Systems”. The author of the E-White Paper Ashutosh Vajpeyi says , “ Innovative public procurement system is an advance form of an evolutionary process. Reforms within the public procurement [...] Continue reading → 
Public procurement processes must ensure best value for money. Minimizing on cash usage is one of the approaches leading to value for money. Use of cash is prone to fraud. Pre-qualifying the prospective suppliers is also an effective strategy. Maintaining long term procurement relations with suppliers having strong financial muscles helps supply-chain sustainability for a [...] Continue reading → 
Public procurement systems involving contract management processes ought to keep pace with the global economic transformations. Public procurement professionals require learning new approaches and technologies to deal with the challenges. The government sector has completely ignored up keeping and enhancing its capacity to mitigate risks associated with public procurement processes and outcomes. There has been [...] Continue reading → 
The Competition Commission of India (CCI) has asked Government departments to increase transparency in procurement practices. CCI has focused on reducing the fiscal and revenue deficits process reforms. CCI intends that the government officials should keep a tab on technical specifications and tender processes to ensure that there is a competition-compliant public procurement. Globally, public [...] Continue reading → 
Competition is one of the core elements of public procurement. Competition ensures that the public procurement objectives are responsively addressed. It is commonly understood that enhancing the level of competition with more participants will ultimately increase the level of transparency in the public procurement. Probity and transparency are two pivotal points which create proper balance [...] Continue reading → 
The government can save a substantial amount of money through a centralized electronic procurement system. Instead of spending money for the procurement of common-use supplies including bond paper, ballpens, pencils, and ink and contracting infrastructure projects, government instrumentalities including local government units could be procured online through the Government Electronic Procurement System. Government can easily save millions from [...] Continue reading → 
Hubwoo, a leading provider of Cloud Procurement services powered by SAP software, today announced in cooperation with SAP AG and Bristlecone the release of the “CPO Rising 2011, Innovative Ideas for the Decade Ahead” research report that presents a comprehensive, industry-wide view into what is happening in the world of procurement today. The research provides insight [...] Continue reading → 
Gao Hucheng, Chinese Vice Minister of Commerce, remarked at the opening ceremony of a seminar jointly hosted by China’s Ministry of Commerce and the World Bank that there is need for more international cooperation to aid developing countries, whose development is vital to the world’s balanced and sustainable development. Developing countries are far behind developed [...] Continue reading →