12 / Canadian Government Executive // October/November 2022 PERFORMANCE ration, generating new streams of revenue for suppliers and increased cost savings for government agencies. Eprocurement solutions also help with government accountability to taxpayers by promoting better tracking of spending through centralized procurement procedures. Furthermore, they can also streamline the vetting of qualified supplier candidates by providing government agencies with sophisticated data and insights that can help them navigate through complexities and mitigate potential risks within supplier pools. Lastly, digital procurement tools add an important layer of security, allowing government procurers to detect cybersecurity threats or fraudulent suppliers much earlier and more efficiently by alerting them to clear warning signs. Need for increased supplier participation When it comes to procurement, government agencies need to build a more competitive and diverse pool of suppliers if they want to protect public value. The benefits and opportunities that come from healthy competition between a large network of suppliers are too important for governments to ignore. Harnessing the power of eprocurement solutions will enable governments to take full advantage of these opportunities all while creating more efficiency within their procurement teams. Mark Eigenbauer, President, eprocurement, mdf commerce The PSPC mandate’s commitment led to the launch of a cloudbased electronic procurement solution for federal public sector organizations, but provincial and subprovincial government agencies continue to adopt their own procurement policies.
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