Chapter Review
Key Takeaways
- Public sector procurement is when a public sector body purchases goods or services using public funds.
- In the public sector, the goal of supply chain management is to deliver high-quality public services, not to profit from selling services. The financial magnitude of public purchases can lead to significant cost savings when managed effectively.
- Public procurement can strategically benefit the economy with increased competition leading to lower prices, improvements in quality by purchasing from qualified suppliers, increase in contracts awarded to local and global free trade companies and infusing social value in procurement delivery.
Explore and Engage
Discussion Questions
- What is the definition of public procurement?
- What is the primary objective of a public procurement officer?
- What is the importance of transparency in public procurement?
- What is the role of Public Services and Procurement Canada (PSPC) in public procurement?
- Give three reasons why effective supply chain management is important in the public sector.
