The Caribbean Industrial Research Institute (CARIRI) and the Office of the Procurement Regulation (OPR) have signed a Memorandum of Understanding (MOU) aimed at enhancing innovation in public procurement.
In a release by CARIRI, the organisation stated that this partnership aims to "facilitate the development of impactful solutions aimed at optimizing procurement practices and strengthening the public sector's overall effectiveness."
According to the statement, the MOU outlines several key areas that will drive the initiative forward:
Development of the New Procurement Depository: CARIRI will contribute its technical expertise to assist OPR in creating an efficient, user-friendly system. This will involve collaborating on the design of the user interface and offering recommendations for programming, database selection, and cybersecurity measures. The goal is to develop a robust depository that meets high standards of security and functionality.
Dashboard Reporting Solutions: CARIRI will support OPR in enhancing data visualization and decision-making capabilities through the development of tailored dashboard reporting tools. Active participation in requirements definition and design will help ensure that the solutions are aligned with the strategic needs of the organization.
CARIRI’s Chief Executive Officer Hans-Erich Schulz said, "We are truly pleased to formalize this partnership with the OPR. Together, we aim to improve procurement processes and set the stage for greater operational excellence in the public sector."