In today’s budget environment, federal procurement organizations need to avoid high-risk procurements for a multitude of reasons. Not only can high-risk procurements mean higher costs and potential for fraud, waste and abuse, but they can also result in unwanted scrutiny from oversight bodies, legislators and the media—and the general public too. Clearly, high-risk procurements are a high-stakes proposition, and the time has come for organizations to start thinking differently about them to drive reform.
Accenture’s experience reveals an exciting new solution. What if your procurement organization could identify high-risk procurements before they occur? You can. Advanced analytics techniques can proactively identify risks associated with procurements; build near real-time visibility into these risks; and provide actionable feedback in the procurement processes and systems before the contract award occurs. Discover the benefits of rethinking the approach to high-risk procurements and the new value that advanced analytics techniques can bring for procurement excellence in today’s environment.