E-sourcing to make public sector more efficient

ADOPTING a transparent e-sourcing programme for the public sector could make Malaysia 7% richer, lower its borrowings by 16% and save the federal government up to US$1.8bil a year in supply costs, a recently released US-Asean Business Council white paper claims.  

The paper, which was released in Manila late on Wednesday, said the country could potentially save between US$511mil and US$1.8bil per year from shifting its traditional public procurement system for goods and services to e-commerce methods currently used primarily in the private sector.