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Procurement Efficiency in Government: Policy, Process, and Technological Transformation
The best way to improve efficiency in public sector procurement and generate savings is to take a holistic look at the “spend management” process across the entire government. However, such efforts will encounter several challenges, such as the lack of recognition that the CPO is a strategic role, the diminishing talent pool from which to draw staff, and the lack of collaboration and coordination among procurement entities within an organization. CPOs are encouraged to recognize that the status quo will not sustain their organizations for the long term. Overcoming these obstacles and embracing new, efficient practices, governance structures, and technologies will be a key driver to the success and survival of any government agency.
This paper provides a roadmap for state and local governments to improve government efficiency and generate savings that can fund critical government services instead of raising taxes, cutting services, or seeking additional funding. The material focuses on the advancement of public sector procurement operations and discusses current trends and new practices in the promotion of procurement effectiveness.
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