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In today’s challenging landscape, government agencies must deliver more value with fewer resources, making collaborative procurement practices essential.
Despite 70% of government buyers and suppliers agreeing on the need for greater negotiation flexibility, many procurement processes remain adversarial, risk-focused, and rooted in regulatory rigidity. This disconnect between buyers prioritizing cost and compliance and suppliers focusing on intellectual property and risk management leads to costly disputes and missed opportunities.
Our analysis reveals a path to modernize procurement, potentially reducing costs by 13.3%—a $100 billion savings. By fostering trust, streamlining processes, and focusing on collaborative value creation, agencies can enhance supplier relationships, grow the supply market, and deliver greater public value.
Explore the report to uncover insights and drive procurement transformation. To read the full report, fill out the form below.