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The facts are clear - diverse and inclusive procurement programs are more competitive, able to unlock innovation faster, provide access to new markets, and deliver localized socioeconomic impact. Despite all of these benefits to a government entity and its constituents, most have yet to make a persuasive and actionable case for diversity in the public sector.
There are many challenges preventing governments from fully realizing the innovation and cost savings associated with supplier diversity. A preference for known suppliers and the complexity of onboarding suppliers into the government market are just two common barriers that limit the potential of the supplier pool.
As unprecedented federal funding flows to all levels of government, it is more important than ever that these resources are used to support diverse suppliers and build communities in alignment with federal and state stipulations. However, without modernized procurement processes it is nearly impossible for governments to track where every dollar is being spent and report back with certainty.
On November 9th at 11 am ET, join Ivalua and Art of Procurement for an AOP Live session featuring Sean Correll, the Head of Ivalua’s Public Sector team. He will answer live questions about:
- Making public sector supplier diversity discovery, onboarding, and management easier through fit-for-purpose digital procurement technologies
- The need for effective contract administration in response to new and changing regulations and legislation
- The advantage associated with making specific diversity spend commitments to incentivize municipalities and agencies to work with new suppliers and therefore drive innovation
Now is the time for all governments to implement technologies that will lower supplier barriers to entry into the government market, simplify onboarding processes, drive collaboration, and - most importantly - track and report on every dollar spent. Register today and submit your questions to our guest.