Public sector procurement is more complex than it was even five years ago.
Sourcing has gone global, exposing the supply chain to a greater variety of risks than what was previously imagined—conflict minerals, cybersecurity threats, international regulations and more—and the standards for spending transparency have risen tremendously, as evidenced by the adoption of the DATA Act last year.
The expectations for procurement have been set high. In order to meet these expectations, procurement organizations will have to break away from what they’ve always done and reconsider how they measure success. The technology, people and processes in place largely determine the success of such a transformation. Here are four actions that government agencies can take immediately to unlock the full potential of their purchasing activities:
Keep reading this article at: http://www.govexec.com/excellence/promising-practices/2015/06/4-tips-getting-most-out-procurement/114988
