Please use this identifier to cite or link to this item:
https://dair.nps.edu/handle/123456789/2511
Title: | Market Intelligence Guide |
Authors: | Timothy Hawkins Michael Knipper Jason Ackiss Derek Aufderheide Pavan Balaji Mike Corrigan Amanda DeLancey John Dix Bryce Fiacco Dan Finkenstadt Trey Fryman Ken Haile Caitlin Harris Jeremy Maloy Mike Mealiff John Muir Josh Nabors Andy Peterson Andrew Pratt Andrew Ramsey James Simmons Dan Stephens Neil Wall Brian Williams |
Keywords: | Market Research Market Intelligence Acquisition Strategy Efficiency |
Issue Date: | 5-Jan-2012 |
Publisher: | Acquisition Research Program |
Citation: | Published--Unlimited Distribution |
Series/Report no.: | Market Research NPS-CM-12-009 |
Abstract: | Sound market research is the foundation of effective acquisition decisions and processes. However, this axiom appears to be undervalued in the government procurement domain. While agencies are responsible for conducting market research appropriate to the procurement situation, very little guidance is available to assist acquisition personnel to meet the intent of the FAR. The FAR offers little direction; Parts 10 and 12 dedicate a mere 1,477 words to the topic of market research. Existing market research guides are outdated, do not emphasize efficient outcomes, and do not address market research needed to support strategic sourcing. The government's current approach to market research is ad hoc, inconsistent, and redundant since information is rarely shared between buying activities. Additionally, no existing research or policy addresses how to properly organize or resource the collection and use of market research. Furthermore, specific skills for determining needed information, finding it, analyzing it, and disseminating it are not systematically taught or developed in the government's acquisition workforce. Many commercial best practices (e.g., industry analysis and a purchasing portfolio matrix) that are transferrable to the not-for-profit sector are absent. Each of these tools is essential to designing the optimal contract that reaps the most value from the exchange. Therefore, this market intelligence guide is developed to address the aforementioned deficiencies in an effort to provide acquisition personnel practical guidance on conducting meaningful market research. It is targeted toward strategic sourcing and complex, high-value federal procurements. |
Description: | Contract Management / NPS Faculty Research |
URI: | https://dair.nps.edu/handle/123456789/2511 |
Appears in Collections: | Sponsored Acquisition Research & Technical Reports |
Files in This Item:
File | Size | Format | |
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NPS-CM-12-009.pdf | 7.62 MB | Adobe PDF | View/Open |
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