Public Spend Forum is a global community and knowledge network for public procurement and the public sector market. Here, you can find the latest news, category and market intelligence, flexible learning resources, and networking / collaboration opportunities to help you create value in public procurement and the public sector market. Through collaboration with the network and use of our knowledge resources, the PSF platform enables government professionals to deliver value faster, align buyer/suppliers, reduce costs and improve the overall performance of the system. At the same time, suppliers can learn about government needs, how best to navigate the complex government markets, and collaborate with stakeholders across the market.
Join our global community TODAY so you can:
- Connect and Collaborate with public procurement and public sector market professionals across all levels of government (central/federal, local/municipal and state) across the world
Our long-term goal is to enable an “open, efficient and innovation-driven public sector market” through better knowledge, streamlined procurement process and more collaboration among market participants.
Governments across the world spend nearly $10 trillion every year to purchase goods and services from private sector suppliers, non-profits, and other partners. These purchases, from healthcare to road repair to weapon systems, ultimately have a direct impact on the day-to-day lives of citizens, business and other constituencies. However, due to many constrains and issues, the public sector market and the public procurement process that is used to enable the purchases is inefficient and ineffective.
There are many reasons why public procurement and the public sector market is a challenging environment within which buyers and suppliers can deliver desired outcomes. For one, a maze of regulations and complex processes make the public sector environment difficult to navigate, for both government professionals and suppliers. Additionally, lack of quality information on government needs or market capabilities often leads to ineffective and costly relationships for both government and suppliers. These two things collectively create significant barriers to entry in the public sector market, where buyers find it difficult to get access to the right capabilities and suppliers (incumbent and new) find it impossible to offer the right solutions.
Our vision is to create an “open, efficient and innovation driven public sector market” by applying open market principles that:
- Break down silos across all levels of government and between government and suppliers so they can effectively collaborate to solve problems
- Provide knowledge and information to level the playing field so buyers and suppliers can work together more effectively
- Remove barriers to entry in the market so government can gain access to the required and most innovative capabilities of both incumbent and new suppliers