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billion in costs through categorymanagement in fiscal 2024, nearly 29% above their goal for the year. And while no one would say government purchasing has exactly become simple in the intervening 10 years, categorymanagement and best-in-class contracting have done their share of work toward making things better.
Federal Monthly Insights - Contract Management Modernization - 9/24/2024 [link] Download audio The State Department is embarking on a transformation in how it performs acquisition. It’s moving to a categorymanagement approach, organizing procurement around the primary categories of spend.
Laura Stanton is the assistant commissioner in the Office of Information Technology Category (ITC) in the Federal Acquisition Service at GSA. This really just is categorymanagement in action when we look at the opportunity for the government to buy as a single enterprise.
The agency plans to partner closely with industry, she added, and its IT categorymanagement office within the Federal Acquisition Service is in the process of developing an acquisition resource guide for generative AI and specialized computing infrastructure.
In a report made public Monday , the Government Accountability Office outlined 37 total priority recommendations to improve how the Office of Management and Budget encourages adequate technology-related practices across the federal landscape.
– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant categorymanagement. Boosted stakeholder satisfaction.
It helps me with categorymanagement. But that is not the panacea for categorymanagement. Michael Derrios is the senior procurement executive at the State Department. “It How do we aggregate the demand?” Derrios said at the recent ACT-IAC AI Acquisition Forum. “I I love the fact we have the best-in-class vehicles.
A purpose-built solution can enforce proper governance and standards, automate master data optimization activities, identify product standardization opportunities, and automate categorymanagement for strategic sourcing in supply chain. In fact, 74% of ERP implementations go Over Budget and they take longer to roll out.
This process is common in Automotive and other manufacturing industries to ensure that selected suppliers are capable of meeting product quality requirements, and allows program managers and categorymanagers to identify, document, and mitigate potential issues and risk with proper audit standards.
In a nutshell, at the end of the fiscal year, unspent funds expire, and agencies make plans to spend their allocated dollars to exhaust the “use or lose” funds in their budgets. In 2021, 28% of all total federal fiscal year spending obligations were spent in the fourth quarter.
In a nutshell, at the end of the fiscal year, unspent funds expire, and agencies make plans to spend their allocated dollars to exhaust the “use or lose” funds in their budgets. In 2021, 28% of all total federal fiscal year spending obligations were spent in the fourth quarter.
The Office Of Management and Budget and General Services Administration have been fielding a data integration tool to help contracting officers. Dubbed Co-Pilot, it gathers data from various governmentwide procurement systems, and presents buyers with pricing histories, vendor information and other data to help their decisions.
Maximizing the essential components of an agency account plan involves: Developing a Comprehensive Understanding of the Agency Steps included in understanding an agency include: Gaining a comprehensive understanding of the agency’s overall spending further analyze the spend by NAICS, PSC, or CategoryManagement Codes.
Maximizing the essential components of an agency account plan involves: Developing a Comprehensive Understanding of the Agency Steps included in understanding an agency include: Gaining a comprehensive understanding of the agency’s overall spending further analyze the spend by NAICS, PSC, or CategoryManagement Codes.
OMB Launches Acquisition Data Strategy The Office of Management and Budget (OMB) issued a circular on May 30 entitled “Strategic Management of Acquisition Data and Information.” If you have any questions or topics for future reports, please contact Michael Hanafin at mhanafin@thecgp.org.
As part of this effort, OFPP proposed a new circular in November, which would establish a new acquisition data management policy that would require agencies to create policies, processes and tools for acquisition data sharing. Part of that effort means improving the management of software purchasing.
When you look at it from a taxpayer standpoint, categorymanagement or, you know, bundling or consolidating, consolidating, buying power makes a whole lot of sense from a tax payer standpoint. The sales cycle in the federal marketplace has gotten longer for a number of different reasons.
The unfinished requirements include developing a list of common categories of “critical software” and incorporating cost analysis of the EO’s requirements into the budgeting process. The Federal Acquisition Service’s IT CategoryManagement Office will also develop a generative AI acquisition resource guide.
And to that end, we’re launching a new centralized data management strategy supported by a new draft Office of Management and Budget (OMB) circular to facilitate a more robust sharing and analyzing of acquisition data across the federal enterprise. “One of the areas of focus that we’re launching [Nov.
Whether there’s a fiscal year budget or a continuing resolution the government never stops spending. The Federal Drive with Tom Temin got some startling facts now from Deltek senior research manager Ashley Sanderson. So contractors can never stop selling. It’s helpful to know the most promising hunting grounds, though.
Historically, only 25% of IT budgets have been allocated to Development, Modernization, and Enhancement (DME), while the rest kept aging infrastructure afloat. Categorymanagement continues to drive contract consolidation, making innovative solutions and teaming critical.
Partnership with Microsoft Over the course of several months, the ITVMO, Office of Management and Budget, and Microsofts Federal Division discussed the governments requests and proposed additional ways to establish a strategic partnership. These 24 items comprised the foundation of the GMAS initiative.
President Donald Trump is expected to sign an executive order in the coming days that would put the General Services Administration in charge of buying all products and services that make up the 10 areas of categorymanagement. Categorymanagementcategories and spend as of 2019.
One item in particular is a keen focus on categorymanagement by using GSA for various types of procurement. While it’s been a driving force of procurement reform over the years, this order puts categorymanagement into even sharper focus. This is consistent with the idea of categorymanagement.
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