Wrong Again: Identifying and Correcting Common Procurement Misconceptions and Errors

Procurement is an essential part of public administration and public finance. Effective procurement functions provide for compliance with laws and regulations, operational efficiency, greater access and transparency for competitive opportunities, improved risk management, and coordination between government and the supplier community.

However, in some organizations the perception of procurement can also be one of red tape, delays, and outdated processes. In this session, GFOA will focus on common myths, misconceptions, sources of confusion, and pain points with public procurement and how a better understanding of key procurement principles can lead to improved satisfaction, a more strategic procurement function, and better outcomes.