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Bigger Isn't Always Better - Don’t Overestimate Economies of Scale
In this excerpt from A Procurement Compendium - a collection of articles written by Peter Smith spanning his years writing advisory, current affairs and procurement commentary while at Spend Matters - Peter explains the misconceptions procurement sometimes hold over economies of scale. “… assuming that economies of scale apply uniformly, or that the bigger buyer will always do better than the smaller, is lazy thinking. We have to look at each category and product on its own merits,” he says. Read the whole article here.
Global Market Report and Key Players
Public Spend Forum highlights the overall market trends, CAGRs, and key suppliers within:
Military Artificial Intelligence and Cybernetics – read that here
Management Consulting – read that here
Military Cybersecurity – read that here
And in other news ...
Digitalisation of the NHS - Cyber security in the healthcare supply chain
The shocking truth about CCS Management Consultancy Framework lot 1
The first principle of procurement – get your specification right!
United Kingdom - Global Bribery Offenses Guide
Italy’s Government Approves €400M Loan For Alitalia
The World’s First ISO Approved Drone Safety Standards announced
118.5m Euros of new EU funding for innovation procurements
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