This paper views the compelling measuring outline for a public procurement from the perspective of a modern business and financial system. To create a sustainable and well-functioning framework it is essential to form a measuring outline that is both flexible and stable in nature…
priately the current achievements of the present form of procurement systems, while taking intelligent and sustainable decisions for the future systems in the context of fluctuating political orders. The measuring framework must take into consideration the factors of effectiveness and efficiency (measured through cost effectiveness and achieving the desired procurement results), confidence of the civil society (which is reflected in the system accountability and transparency factors), and the policy acquiescence and stability factors. This framework must be accommodated within a larger measuring system within a sustainable public management, portraying a certain standard of life against only monetary wealth. In terms of designing basic notions for such measuring processes, there are three main underlying concepts. First, the structure of an organisation lies within multidimensional and complex frameworks. Secondly, there must measures for safeguarding basic transparency and integrity within the public procurement system; and thirdly, to alleviate the standards of the public procurement systems, the associated performance management must necessarily serve as a model for present and future ethical reviews. This paper serves to study the organizational development structure, and supply chain management in the context of public/private procurements sectors, the basic notions of performance measurement in public procurement, while exploring the perspective of accountability and transparency within the public procurement system. Chapter 1 Introduction and Overview "Not everything that counts can be counted, and not everything that can be counted counts." ~ Albert Einstein 1.1 Introduction (background study) A recent trend in the realms of business...
A recent trend in the realms of business management shows that the public sector has shown a gradual shift in its operational perspective, with a greater focus on privatization, and an emphasis on cost saving and increasing efficiency. Comprehending the necessity of outsourcing large-scale work to the private sector for better economic growth and developments, many State governments have started the processes of public procurement, under prescribed directives and regulations created to regulate the process, as are seen in the Council Directives 93/37/EEC, 93/38/EEC and 93/36/EEC and their subsequent modified versions. This is also evident in the 41 USC Sec. 253 in the United States, where it is clearly stated that “an executive agency in conducting a procurement for property or services - (A) shall obtain full and open competition through the use of competitive procedures in accordance with the requirements this subchapter and the Federal Acquisition Regulation.”
The current importance of public procurement is seen in the increased governmental activity in “purchasing of goods and services,” for State requirements, through fair competitive auction -bidding, which accounts for 10% - 20% of the GDP of all the countries. A productive public procurement system decides the standard, scope, and extent, of a country’s infrastructural development and proffered public services towards its citizens, thus, making public procurement a primary issue within the agenda of a State’s economic development plan. ...
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“Contemporary Management Practices Within the Public Sector Thesis”, n.d. https://studentshare.net/finance-accounting/1319-contemporary-management-practices-within-the-public-sector.
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