The perverse incentives of private prisons -- The dominant argument for private prisons is that they will save taxpayers money, as for-profit owners have an incentive to seek efficiencies bureaucrats overseeing government institutions lack. Anyway, that's the theory. According to the Arizona Republic, the reality is that private prisons in the Grand Canyon State so far cost more on a per-prisoner basis than do public institutions. Some experts contend that firms in the prison business reap profits by billing government for rather more than their initial lowball estimates while scrimping in ways that may make prisons less secure.
Supply chain graphic of the week!
UN procurement spending report released.
UN procurement rises to $13.8 billion in 2009 -- The largest spending categories were transport services, at $2.39 billion, construction, engineering and architectural services, $1.38 billion, food and nutrition, $1.31 billion, and pharmaceuticals and vaccines, $1.18 billion. Among the 10 countries who were the largest suppliers to UN organizations in 2009, three were developing countries – India, Sudan and Afghanistan. India has featured in this list since 2000, and in 2009, was the third largest supplier to the UN system, with a 4.9 percent share of total UN procurement volume.
SciQuest keeps on growin'.
SciQuest Makes the Inc. 500|5000 List of Fastest-Growing Companies for Fourth Consecutive Year -- Each year, Inc. 500|5000 honors and celebrates the remarkable achievements of today's entrepreneurial superstars and the privately held small businesses that drive our economy. This list represents the most comprehensive look at the most important segment of the economy--America's independent-minded entrepreneurs--representing a huge honor for SciQuest. "On behalf of SciQuest, I am thrilled to acknowledge our placement on the Inc. 500|5000 list of fastest-growing companies," said CEO Stephen Weihe. "Making Inc. Magazine's coveted list four years in a row is an honor, and we are equally thrilled to be in great company among other highly regarded and well-known businesses."