Why is it important for government to use the procurement system?

Question: Why is it important for government to use the procurement system?

The procurement system is important for government because it ensures transparency, accountability, and efficiency in the acquisition of goods and services. Through a competitive and regulated process, the government can select the most qualified vendors, obtain the best value for taxpayer dollars, and mitigate the risk of fraud and corruption. Additionally, the procurement system promotes fair and equitable opportunities for businesses to compete for government contracts, which can stimulate economic growth and development.

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