One of the biggest challenges in public procurement is getting the best value for the dollar. In many cases, large companies get most contracts, leaving small and medium-sized businesses without a fair chance to compete. In February 2011, the UK Prime Minister and Minster for the Cabinet launched a ‘mystery shopper’ initiative to give small…
Coconut farming is a source of livelihood for millions of farming families throughout India, but over the past decade, the coconut market has sharply declined. The Chief Minister is working on new initiatives to change their plight.
Electronic procurement systems are in place around the world in both the public and private sectors, but have proven especially beneficial in government settings. E-government procurement systems are already functional throughout the US, Australia, and the UK, as well as Singapore, Malaysia, and the EU. Bangladesh has recently launched an e-procurement system as well.
The developed world sends billions and trillions of dollars to foreign governments each year in the form of aid. In the past, these funds were often reinvested back into the donor country through trade and public procurement programs. Today’s world leaders are working to change that.
Auditors are very important to the procurement process. They play a big role in preventing fraud and ensuring proper spending. Most auditors have skills that are quite beneficial to the procurement process, but how involved should they be in making decisions and policies?
The Columbia Pike streetcar project was the focus of many debates among residents and officials in Arlington, VA when it was first proposed. The $249 million transit system will offer transportation between Bailey’s Crossroads in Fairfax and Pentagon City. With the project approved, the next step was to begin the procurement process. Rather than the…
The ability to outsource specific tasks is a big help in many industries, but when it comes to procurement and supply chain management, is outsourcing really a worthwhile solution? Procurement outsourcing is beneficial, but also has disadvantages. It’s important to know a bit more before you decide to outsource.
The procurement industry is full of its share of headaches. Individuals working in supply chain management are faced with challenges everyday. You’ll find the biggest obstacles discussed below, along with tips to overcome them.