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. [...]

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 [...]

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 [...]

The Government of India informed Parliament recently that the recommendations of the panel to bring full transparency in public procurement are being examined by a Committee of Secretaries (CoS). An expert group under the chairmanship of former bureaucrat Vinod Dhall was mandated to suggest measures to ensure full transparency in government [...]

Procurement frameworks could be very useful in terms of convenience, risk and value management but its actual advantages will only be realised if they are used appropriately. Pros and cons of procurement frameworks should also be examined and discussed in detail simultaneously. Significant advantages in terms of convenience could mean that the procurement frameworks would be [...]

Development activities in the government sector are facing a tough time since past many years simply because of lack of effective, efficient, and  skilled public procurement system inthe government departments and institutions.  This has created a huge gap on implementation of various time-bound projects where billions of public money is [...]

The Ministry Of Rural Development would be entering into an agreement with the World Bank for soft loan worth US$1 billion (approximately Rs. 4,600 crores) to implement the National Rural Livelihoods Project (NRLP) under National Rural Livelihood Mission (NRLM). The distribution of project funds among the states would be based [...]

At the time of writing, Eurozone finance ministers remain locked in debate over the details of a second multibillion-euro bailout package for Greece. The failure to curb high levels of public sector spending in the country has been a major contributor to Greece’s national debt, which reached €340 billion this [...]

Adopting new and innovative public procurement processes and making better use of spending analysis will ensure saving hugely on public procurement budgets. But to make the savings, the existing procurement expertise within the government sector need to change and upgrade to a great extent. In present context the resistance to [...]

Effective supplier management has become an essential part of the procurement management system.Public procurement systems across the globe have started realizing the umpteen advantages of an efficient and effective supplier management system in place. Among the most visible advantages of such a supplier manegement system include enhanced collaboration, savings to [...]