The U.S. Federal government, with an annual spend of nearly $500 billion on products and services, is now facing the harsh reality of shrinking budgets and continuing resolutions.
The scene's not much different in other parts of the world. Faced with severe fiscal pressures, government acquisition organizations across the globe are looking for ways to cut down costs by reducing spend and lowering overhead, without affecting the quality of services.
The commercial sector has traditionally served as a benchmark for driving efficiencies in government organizations through best-in-class people, processes and technology.
Taking cues from some of the world's leading enterprises that spend billions of dollars in procurement, many federal government organizations have started focusing on acquisition process improvement and strategic sourcing. But these efforts are often piecemeal and aren't utilized to their full potential to get the savings to the bottom line.
This white paper lays out a structured methodology that federal acquisition organizations can follow for improving their acquisition process and leveraging strategic sourcing to drive maximum savings.