Procurement Blogs

BLOGS

Global Procurement Summit 2020 - Background Note

Submitted by : Dr. Gurbandini Kaur, Associate Professor, Program Director- Procurement Programs, AIMA

Last few decades have seen evolution of Procurement from transaction to strategy. The role of procurement in top and bottom lines of private enterprises and in service delivery by the public sector is increasingly being recognized. With first signs of economic slowdown appearing on horizon, any savings due to better procurement practices will be...

Can Experimental Research Techniques Cure the Problem of Infrastructure Contract Failure in India?

Submitted by : Shanker Lal, Lead Procurement Specialist Governance Global Practice

This year’s Nobel Prize in Economics was awarded to three economists, Prof. Abhijit Banerjee, Prof. Esther Duflo and Prof. Michael Kremer. Their research was groundbreaking due to an “experimental evidence-based approach” to alleviating global poverty that took a nod from practices in medical and scientific...

Challenges of Open Competitive Bidding

Submitted by : Satya Verma, Public Procurement Consultant

Achieving success in open competitive bidding is equally challenging to both, Procuring Entity and Bidders. Procuring Entity’s interest is to maximize competition, attract attention of all eligible and qualified bidders and being able to award contract for goods and services of desired quality at reasonable price and conclude decision within...

Belt and Road Initiative (BRI) - China’s Supply Chain Game Plan

Submitted by : Chirag Kalaria, Purchase Professional, AMUL (GCMMF)

China is known for “Ancient silk route” which was the first inter-continental route connecting East and West in 130 B.C. at the time of the Han Dynasty which has given a boost to ancient supply chain and logistics primarily by promoting trade along with the exchange of culture, knowledge and know-how between Europe and Asia for more than...

The Future of Skills Required in Public Procurement

Submitted by : Amit Sethi, Associate Vice President, EY LLP

Digital Technology is disrupting the Public Procurement Space in a drastic way. The question therefore arises as to what skills are required for a Public Procurement Professional to Survive in the Future. Most Public Procurement Professionals come from non IT backgrounds so how will they face the future ?. Will there be huge Job losses or with...

Industry 4.0: Basic Understanding and Readiness of India

Submitted by : Chirag Kalaria, Purchase Professional, AMUL (GCMMF)

Mankind has witnessed 3 industrial revolution between 17th to 20th century starting from first revolution in which machine operation from steam engine in power loom industry. Subsequently mankind has invented electricity which has changed the way of life and gave birth to assembly lines and mass production concept and give momentum to...

Transparency: What to Expect in Public Procurement

Submitted by : Felix Anton, Associate Director, Grant Thornton India LLP

Public Procurement spend in India has been in the range of 20-30% in recent years (WTO and OECD estimates). According to Ministry of Finance, the spend during 2012-2017 grew from INR 11,973 billion to INR 16,637 billion. In the same year i.e. 2017, Ministry of Finance issued the new General Financial Rules...

Global Procurement Summit 2019 (GPS 2019)

Submitted by : Dr. Gurbandini Kaur, All India Management Association

All India Management Association, in partnership with Ministry of Finance, Government of India and the World Bank organized the Global Procurement Summit 2019, on February 7-8, 2019 at New Delhi. The theme of the summit was Digital Disruption and Innovation: Future of Procurement. The summit brought together the global and regional procurement...