Strategic Sourcing Is There a Role for Midsize Companies in the Industrial Base Supporting the Federal Government Market Space?

Abstract

Strategic Sourcing has become the focus of buying organizations both in government and the private sector. In the federal government, the Office of Federal Procurement Policy (OFPP) began an initiative in 2004 through its Chief Acquisition Officer Council (CAOC) to provide for Strategic Sourcing on a government-wide basis. Similarly, State and Local governments have initiated strategic sourcing initiatives to varying degrees across the United States. In support of this initiative, the National Institute of Governmental Purchasing (NIGP) adopted a resolution in 2006 supporting the use of Strategic Sourcing at levels of government. In the private sector Strategic Sourcing has been a way of life now for over a decade.