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Handbook of Procurement
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Procurement represents a very large fraction of total economic activity.
The value of public procurement transactions in EU countries is about
16 percent of their GDP, while in the United States it is around 20 percent.1
In the private sector, the value of transactions is even larger and is steadily
increasing, due to the current trend towards outsourcing all non-core
business activities.
Efficient procurement is therefore a core necessity for firms’ profitability
and survival, and for the public sector’s effectiveness in obtaining resources
for social spending and/or lower taxes. Procurement design directly and
substantially affects firms’ and countries’ performance in the short and in
the long run: in the short run, most obviously by immediately determining
the costs and quality of inputs in the private or public supply chains; in the
long run, most importantly by determining suppliers’ and more generally
firms’ incentives to invest in R&D and to innovate in general.
NICOLA DIMITRI, GUSTAVO PIGA AND GIANCARLO SPAGNOLO - Personal Name
0-511-24969-1
NONE
Management
English
2006
1-562
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