Objective
Procurement affects virtually every organisation. Public spending alone will soon exceed €2trn per annum in the EU. In times of slow economic recovery and enhanced transparency, there is a pressing need for better management of government finances. The interaction between governments and businesses is key to delivering reformed public services, but it cannot, in its present form, create growth with less investment. In addition, research has already shown that SMEs can compete effectively with their larger counterparts and deliver value for money, provided the right environment. Private sector buyers face similar challenges. They are expected to run efficient, accountable tendering procedures, whether the beneficiaries are company shareholders or taxpayers. This becomes increasingly difficult as the flow of goods, services, finances, and data reaches all-times highs. TheyBuyForYou will deliver the data value chains, enabling technologies, and innovation that are critically needed for this fundamental change to happen. The project will explore how procurement knowledge graphs, paired with data management, analytics and interaction design could be used to reform four key procurement areas: (i) economic development: facilitating better economic outcomes from public spending for SMEs; (ii) demand management: spotting trends in public spending to achieve long-term goals such as savings; (iii) competitive markets: promoting healthier competition and identifying collusions and other irregularities; and (iv) supplier intelligence: optimising supply chains. We will develop an integrated technology platform, with data, core services, open APIs and online tools, which will be validated in 3 business cases in public/corporate procurement in Slovenia, Spain and Italy. The expected impact is substantial, with €200m savings in EU public spending; 25% increase in the value unlocked by enhanced procurement management in the private sector; and 20% more SMEs bidding for contracts.
Fields of science
Programme(s)
Funding Scheme
IA - Innovation actionCoordinator
7034 Trondheim
Norway
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Participants (11)
50071 Zaragoza
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20097 San Donato Milanese
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N3 1LF London
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
1000 Ljubljana
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1000 Ljubljana
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28521 Rivas Vaciamadrid
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SW1P 2PD London
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
28040 Madrid
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Participation ended
SO17 1BJ Southampton
Participation ended
7034 Trondheim
WC2R 2LS London
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