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11/09/2007 17:18
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Applying business intelligence to federal procurement could improve the process, help it acquire services and make its products more effective, a new article explains.
Published on the Business Intelligence Network, consultant Dr Ramon C Barquin's think-piece explains how government departments are fundamentally similar to private companies and needs certain services and goods to operate.
And while the size of contracts may vary, business methodology should be applied to government procurement to ensure the highest standards of performance are being fulfilled.
"The important thing in all cases is performance. Did I get the value I paid for? And this is something that can be measured," Dr Barquin postulates.
In addition, he claims that the databases kept by federal agencies related to the acquisition of goods can be searched and used to measure performance using business strategies.
"Through the business intelligence discipline, we have the tools to do it," he adds.
In related news, the US Small Business Administration recently unveiled its Procurement Scorecard system, which aims to rate government agencies depending on how much progress they make with awarding contracts to smaller enterprises.
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