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How building business capability and changing procurement practices can create more inclusive economic opportunities.
How do businesses get chosen to supply large companies and what can make it easier for capable MSMEs to access those opportunities? The answer begins with procurement: the process organisations use to decide what they buy, which suppliers they work with and how those business relationships are managed. Procurement decisions do more than meet an organisation’s operational needs. They influence which businesses gain access to markets, secure contracts, build commercial relationships and grow. This makes procurement an important part of the wider conversation about economic transformation.
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Skills development is widely recognised as an important part of addressing unemployment and building a more inclusive economy. Yet, for many people, completing training does not necessarily lead to employment, and developing a skill does not automatically create an opportunity to use it.
Read more: The Missing Link Between Skills Development and Employment
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