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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 ...

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 ...

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 ...

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 ...

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