Euna Solutions' 2024 State of Public Procurement Report Highlights Critical Gap Between Project Demand and Workforce Capacity
08 Agosto 2024 - 5:10AM
Business Wire
With a 19% increase in projects and only a 1.8%
rise in staffing, Euna's annual report emphasizes the use of
network-powered procurement to drive efficiency and innovation
Euna Solutions®, a leading provider of purpose-built,
cloud-based solutions for the public sector, today announced the
release of its 2024 State of Public Procurement report. This year’s
report provides an in-depth, end-to-end analysis of the current
state of public procurement, offering actionable insights for
overcoming procurement challenges and capitalizing on upcoming
opportunities.
The State of Public Procurement report draws from survey
responses from over 100 respondents, data from government and
industry sources, and anonymized information from Euna’s
procurement portfolio, which has expanded beyond sourcing and
contract management to include marketplace and invoicing
automation. This year’s report highlights the rise of
network-powered procurement, where procurement teams leverage peer
resources, insights, and larger supplier networks to address some
of the most significant challenges they face today.
“In our 2024 State of Public Procurement report, it’s evident
that adopting end-to-end, network-powered procurement is not just a
forward-thinking strategy but a necessity for modern procurement
teams as they are tasked with doing more with less,” said Tom
Amburgey, CEO at Euna Solutions. “By leveraging technology, public
procurement teams can establish a powerful network that enhances
supply chain efficiency, fosters knowledge sharing, and opens up
co-procurement opportunities. This year’s report benchmarks the top
issues at play and demonstrates how we, as a procurement community,
can work together to tackle these challenges, adapt to changes, and
improve public service delivery, ultimately helping our communities
to thrive.”
The report’s key findings include:
- Staffing and Capacity are Top Concerns: Better processes
are essential for improving staff retention and productivity.
Complex processes and staffing shortages are the top internal
challenges, with more than half (51%) of respondents stating they
are not confident, little confident, or neutral in their ability to
manage increasing project volumes, up from 46% in 2023.
- Financial Uncertainty, Higher Costs, and Supply Chain
Worries Loom: Survey respondents said the top two external
challenges they’re most concerned about are the rising costs of
goods and services and unreliable supply chains. These issues are
compounded by the looming fiscal cliff, which is the result of
persistent deficits and growing debt that, if not addressed, can
lead to abrupt, severe economic disruptions. To navigate these
challenges, procurement teams are increasingly turning to their
peers for support to share best practices, gather insights, and
leverage their collective buying power.
- Procurement Pros Want to Collaborate: Collaboration
among procurement professionals is on the rise, with 54% of
respondents engaging with peers on a monthly or weekly basis.
Interest in peer insights and resources, specifically peer project
templates, has surged by 265% since 2023. Procurement professionals
find the most value in cooperative and piggyback contracts, peer
RFx templates, and insights from other public procurement
teams.
- Strategic Programs are Driving Innovative Approaches:
New approaches to procurement can be explored to boost creativity
and accountability. These include challenge-based procurement,
where organizations define problems and invite suppliers to propose
solutions, and outcome-based contracting, which focuses on results
rather than processes.
- Networks Can Reduce Costs: Finding new ways to
facilitate connections internally and externally can save
significant time and improve transparency. Teams using cooperative
contracts can lower purchasing costs by up to 7.5% and reduce
transportation costs by up to 55%.
- End-to-end Procurement Builds the Foundation for
“Network-powered Procurement:” Comprehensive end-to-end
solutions provide access to a vast network of suppliers,
cooperative contracts, and peer resources. This approach creates a
foundation for “network-powered procurement,” which leverages
communities and shared resources among organizations to enhance
efficiency, innovation, and cost-effectiveness in sourcing and
supply chain management.
“Network-powered procurement is the future of public
procurement,” said John Alexander, Chief Product Officer at Euna
Solutions. “Our report shows how it can mitigate risk, enhance
outcomes, and enable procurement professionals to collaborate with
each other. Network benefits can work to lessen a wide range of
public sector procurement obstacles, such as managing rising costs
and concerns about supply chain reliability, workforce efficiency
and capacity. It can also help to build stronger supplier
relationships, while improving the ability to source new suppliers
and increase supplier diversity. By leveraging a network,
procurement professionals can unlock new possibilities by
connecting with individuals from other agencies, leveraging their
expertise, collaborating on challenges, or learning new ideas to
increase both efficiency and effectiveness.”
For more information about Euna’s 2024 State of Public
Procurement report or to download a copy, visit
www.eunasolutions.com/state-of-public-procurement-2024
Methodology The 2024 State of Public Procurement report
is derived from a collection of survey responses from over 100
participants who identify as public procurement professionals,
information from government and industry sources, and anonymized
data from Euna Procurement’s own system. The online survey was
conducted between May 10 and June 6, 2024.
About Euna Solutions Euna Solutions® is a leading
provider of purpose-built, cloud-based solutions that power
critical administrative functions and financial operations for the
public sector. Euna Solutions offers trusted, easy-to-use solutions
for procurement, payments, grant management, budgeting, and special
education administration that are trusted to increase operational
efficiency, transparency, collaboration, and compliance. Working
with more than 3,000 government and public sector organizations
across North America, Euna Solutions strives to build trust and
enable transparency in our communities. Euna Solutions is
recognized on Government Technology’s GovTech 100 list, an annual
list of the top 100 companies focused on, making a difference in,
and selling to state and local government agencies across the U.S.
To learn more, visit www.eunasolutions.com.
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Media Contact: Michael Tebo Gabriel Marketing Group (for Euna
Solutions) Phone: 571-835-8775 Email:
michaelt@gabrielmarketing.com