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:
...
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 ...