“The one profession that can make the most profound difference through the decisions that we make and the suppliers we give our business to is us,” CIPS president Craig Lardner told the CIPS Annual Dinner.
Justice secretary Chris Grayling says payment of £108.9 million from G4S "recovers in full the money owed to the taxpayer".
In a wide-ranging critique of local government procurement, the Communities and Local Government Committee said councils could save £1.8 billion by collaborating more, but did not support centralising the function.
Research from supply chain risk firm Achilles finds that buyers should audit the whole supply chain and not rely on trust.
“While the weather is always one of the biggest variables that we face on the supply side when calculating prices, so far the effects have been limited,” said Lynx Purchasing managing director John Pinder.
The African Development Bank says a 1 per cent cut in procurement costs across the continent would produce annual savings of around $3 billion (£1.8 billion).
Efforts to boost the reputation of construction procurement in the UK are underway. Gurjit Degun reports.
Public sector tendering in the UK takes 53 days longer than the EU average and is delaying billions of pounds of spend, according to Spend Network.
The deal will create the world's biggest banana supplier, with plans to “broaden its geographic footprint and distribution channels” by expanding its global supply chain to improve product availability.
A judge has ruled procurement regulations were breached in the tender process to find a supplier for Scotland's public sector telecoms, but the contract award should still go ahead.
The Hotels.com Hotel Price Index grew by 10 points last year, but is still seven points lower than its peak in 2007.