Given the increasing fiscal constraints facing Latin America and Caribbean (LAC), it is imperative to adopt smarter, more strategic procurement approaches that reduce waste and enhance the efficiency of public funds, particularly with a focus on mid- and long-term developmental outcomes.Such a strategy could go a long way in helping bridge the financing gap for … [Read more...] about Smart Public Procurement for Better Public Spending in Latin America and the Caribbean
public procurement
Data: The Main Ingredient in Public Procurement 4.0
The scene repeats itself over and over again. The end of the month arrives and you ask yourself: “How did I spend my salary so quickly? How do I make it last? What am I investing in?” If you could have all this information in one place, would you be interested in accessing it? The same thing happens to governments. They try to achieve efficient spending while at the same … [Read more...] about Data: The Main Ingredient in Public Procurement 4.0
Public Procurement: A Journey Towards the Digital Frontier
Every day we’re bombarded with buzzwords like digital economy, blockchain, artificial intelligence, machine learning, robotic automation, innovation, and at times we wonder what all of that has to do with us and our job as public procurement officers. But the reality is we’ve been experiencing the digital transformation for a long time. Our phone is our agenda, music player, … [Read more...] about Public Procurement: A Journey Towards the Digital Frontier