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GSA is cooking up a new, comprehensive procurement data source

Federal News Network

So I think the biggest improvement that I’m seeing as the data posture within the FAS, within GSA continues to expand and grow is efficiency. There is an efficiency for the contracting officer and efficiency for the supplier efficiency for the contract agency. We, I think as a society, are headed in that direction.

Data 101
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Contract Management’s Impact on Procurement Efficiency

The Procurement School

The following article discusses the various steps of contract management and its role in procurement efficiency. But first a definition of efficiency. Efficiency involves achieving intended results while minimizing time, resources and effort. It is about doing things optimally or maximizing time and resource use.

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Why is Benchmarking key for Optimum Business Value?

Oxford College of Procurement and Supply

The definition of benchmarking according to the Oxford English Dictionary is: Evaluating (something) by comparison with a standard Benchmarking in procurement can take many forms, the most basic being, simply comparing quotes or bids from incumbent suppliers to ascertain the best value. Procurement is all about achieving value for money.

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Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

Understanding these factors and applying them appropriately ensures effective and efficient procurement that aligns with organizational policies and objectives. In summary, the selection of a procurement method depends on factors such as cost thresholds, market conditions, the nature of the requirement, and the urgency of the situation.

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Gov't Contracts Policies To Watch In 2025

Government Contracts

There are several planned and potential changes to federal procurement policy that government contractors need to be on watch for in 2025, from pending recommendations of a proposed Elon Musk-led advisory body on government efficiency, to key definitions underpinning cybersecurity and domestic sourcing rules.

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Embracing Technology: How Epping, NH Revolutionized Its Purchasing Process

American City & Country

Since taking on the role in June 2023, Rogers has been committed to overseeing the efficient operation of the town’s government. However, he quickly identified a major hurdle: the town’s procurement process was hampering his team’s productivity and efficiency. This is a widespread issue across government procurement teams.

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Why the government should use more shared services to reduce costs

Federal News Network

The Shared Services Leadership Coalition was formed to specifically focus on shared services and improving the efficiency and effectiveness of government founded by John Marshall. Tom Temin And I would think in some ways, shared services would be more efficient now than in the past. Tom Temin And John is still around.