TArticles tagged with: procurement innovation

Procurement innovation

Responding rapidly and effectively to changing market conditions

Innovation is not simply about new ideas. It is also about responding rapidly and effectively to changing market conditions. The Federal Government is gradually emulating successful commercial market innovations such as category management, Agile procurement, and performance-based acquisition. Capture and proposal professionals must understand these trends and respond effectively with new and/or improved strategies and processes. Category management Category management is a purchasing concept whereby like supplies and/or services are grouped into similar categories. The purpose is to achieve more-effective competition while reducing costs and risks as well as gaining access to greater innovation from suppliers. Department of Defense (DoD) Better Buying Power initiatives as well as Office of Management and Budget (OMB) category management policy related to laptops and desktops, software licensing, and mobile devices and services are all aimed at allowing the Federal Government to act as a single efficient enterprise by sharing best practices and information. Innovative … Continue reading Procurement innovation

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