What is World Trade Organization Agreement on Government Procurement in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: World Trade Organization Agreement on Government Procurement

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: An international agreement on government procurement that ensures openness, fairness, and transparency in the procurement processes of the public sector.

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• Key Concepts: 
  The World Trade Organization Agreement on Government Procurement (WTO-AGP) is an international agreement that sets out the rules and regulations for government procurement. It is designed to ensure fair and open competition in government procurement, and to promote transparency and accountability in the process. The WTO-AGP applies to all WTO members, including the European Union, the United States, Canada, Japan, and many other countries. 
  
  The SAP component PSM-GPR Procurement for Public Sector is a software solution that helps organizations comply with the WTO-AGP. It provides a comprehensive set of tools and features to manage government procurement processes, including contract management, supplier management, and compliance monitoring. 
  
  How to use it: 
  The PSM-GPR Procurement for Public Sector component can be used to manage government procurement processes in accordance with the WTO-AGP. It provides a range of features to help organizations comply with the agreement, including contract management, supplier management, and compliance monitoring. The component also provides tools for tracking and reporting on procurement activities. 
  
  Tips & Tricks: 
  When using the PSM-GPR Procurement for Public Sector component, it is important to ensure that all procurement activities are conducted in accordance with the WTO-AGP. This includes ensuring that all contracts are properly documented and that all suppliers are treated fairly and equitably. Additionally, it is important to regularly monitor compliance with the agreement to ensure that all procurement activities are conducted in accordance with its requirements. 
  
  Related Information: 
  For more information about the WTO-AGP and how it applies to government procurement processes, please visit the World Trade Organization website at https://www.wto.org/english/tratop_e/gproc_e/gp_agreement_e.htm. Additionally, for more information about the PSM-GPR Procurement for Public Sector component, please visit SAP’s website at https://www.sap.com/products/public-sector/procurement-for-public-sector.html.