THE IMPORTANCE OF BUSINESS INTELLIGENCE AND ITS APPLICATION IN PUBLIC PROCUREMENT

Abstract

This research explores the role of Business Intelligence (BI) in optimizing public procurement processes. It examines key BI concepts, including data integration, analysis, and decision support, and highlights their impact on improving transparency and efficiency in procurement planning. The study demonstrates how BI tools facilitate faster and more informed decision-making, minimizing risks and enhancing operational effectiveness. By leveraging data analytics and intelligent systems, organizations can streamline procurement workflows, reduce costs, and ensure compliance with regulatory frameworks. The findings underscore the significance of BI in modern procurement strategies, offering insights into best practices and potential advancements in the field.