Public Sector Procurement Solutions Can Help You and Your Business
Procurement organizations and professionals around the world are beginning to shift their focus from a cost and value approach to a "need to know" mindset. Chief procurement officers are now looking for more actionable information about supply chains, sourcing categories, and suppliers so they can plan and be in a position to be proactive. The public sector spends more than $250 billion annually on goods and services. Effective procurement management and a well-planned and executed strategy are critical to ensuring that taxpayers get value for money. Public procurement refers to how public sector organizations purchase goods and services from third parties. These include everything from everyday items such as furniture, stationery, printing paper, and temporary office staff to more complex spending areas such as construction, major change initiatives, and private financing initiatives. Public procurement also addresses essential services such as further training, social assis