The difference between public procurement and private sector supply chain management is that public procurement focuses on accountability and transparency with strict rules and government oversight.

While frequent supply chain management prioritizes profitability and flexibility with fewer regulatory constraints.

Open, fair and transparent public procurement means that all suppliers have equal access to opportunities to participate in tenders.

Open procurement - free from favoritism.

Fair - and the process criteria. Transparent - means that decisions are available to the public.

Studying procurement requirements and responsibilities of government agencies it became known that government agencies must follow strict rules in procurement. They are responsible for ensuring fair supplier selection and reliable use of taxpayer funds.

Demonstration of research through presentation "Ontario Lotteries" involved collecting relevant data, critically analyzing them, and presenting the results or recommendations through presentations to a class or targeted audience.

Public and private institutions collaborate to share resources or to increase purchasing power through joint purchasing agreements through contracts and partnerships.

Public Sector Procurement Guidelines.

(BPS) are a set of rules established by the Ontario government to ensure that funded organizations follow fair and transparent procurement practices. This promotes value for money.

The agency in (BPS) includes hospitals, school boards, colleges, and other public funding organizations in Ontario. Because they receive funding, they must comply with (BPS) procurement directives.

Trade agreements are used when public sector procurement exceeds certain monetary thresholds. They ensure that suppliers from partner countries have equal access to government contracts, preventing only local companies from being favored.

• financial

• legal

• operational

• reputational

• strategic

If we compare the risk management strategy and mitigation options, we can see that the first one includes avoidance of events, transfer or reduction of the supplier. Also, each of them has different costs and is suitable depending on the situation.

In class came up with a supplier strategy or clear Terms of Contract.

Agencies must comply with legal requirements, including employment standards, labour laws, data protection and licensing. They must also adhere to rules related to discrimination, worker classification, wage and hour laws and work involving children.

We used risk management strategies in class where we looked at a hypothetical procurement case and identified the risks associated with it.

The role of procurement helps to clarify needs with budget and policy.

Writing a specification means clearly describing what is needed. For example, the type of product, its qualities and its standards.

At the same time, the specifications must be understandable, for this you need to make sure that they are easy to interpret for the supplier.

Public servants are stewards of public resources and must act honestly, fairly, and respectfully to ensure that decisions are made in the public interest.

Also, I understand how important to choose the right outfit for a certain event. I believe that an organized person cannot have illogical omissions when it comes to public speaking, because the listener also reads hidden signals of non-verbal communication.

A contract is not just a casual promise or verbal agreement, it must include basic elements of law to be legally binding.

Contracts are made to ensure that the interests of all parties are protected and to prevent future disputes. Because it is based on the law of resolving problems in the event that the terms of the contract are not fulfilled.