Core Viewpoint - The release of the "Guidelines for Supervision of Procurement Activities of State-Owned Enterprises" by the China Federation of Logistics and Purchasing is a significant step in filling the regulatory gap in the supervision of procurement activities within state-owned enterprises, promoting transparency in procurement, and advancing the reform of state-owned enterprises [1] Group 1 - The standard covers the entire process of procurement supervision, including pre-procurement, during procurement, and post-procurement activities [1] - Key areas addressed in the standard include procurement system framework, sourcing, supplier management, procurement document preparation, and contract performance [1] - The introduction of the "smart supervision" concept aims to utilize big data and artificial intelligence technologies for real-time alerts and risk interception, enhancing the precision and efficiency of supervision [1]

Core Viewpoint - The release of the "Guidelines for Supervision of Procurement Activities in State-Owned Enterprises" by the China Federation of Logistics and Purchasing marks a significant step in enhancing the supervision of procurement processes in state-owned enterprises, aiming to promote transparency and efficiency in procurement practices [1] Group 1: Standard Overview - The new standard fills a regulatory gap in the supervision of procurement activities within state-owned enterprises, contributing to the reform of state-owned enterprises and the establishment of a unified national market [1] - It covers the entire procurement process, including system establishment, sourcing, supplier management, document preparation, and contract execution [1] - The standard introduces the concept of "smart supervision," leveraging big data and artificial intelligence for real-time alerts and risk interception, thereby improving the precision and efficiency of supervision [1] Group 2: Implications for State-Owned Enterprises - The standard aims to standardize the procurement process in state-owned enterprises, enhancing audit and disciplinary supervision to create a robust risk prevention framework [1] - Given the significant scale of procurement in state-owned enterprises and its high social attention, the standard is expected to contribute to cost reduction, asset preservation, and the construction of a unified national market [1] - This new guideline, along with previously released procurement operation and management standards, forms a comprehensive standard system that is anticipated to inject new momentum into the high-quality development of state-owned enterprises [1]