The Resource Best practices : improved knowledge of DOD service contracts could reveal significant savings

Best practices : improved knowledge of DOD service contracts could reveal significant savings

Label
Best practices : improved knowledge of DOD service contracts could reveal significant savings
Title
Best practices
Title remainder
improved knowledge of DOD service contracts could reveal significant savings
Title variation
Improved knowledge of DOD service contracts could reveal significant savings
Creator
Subject
Language
eng
Summary
Department of Defense (DOD) spending on service contracts approaches $100 billion annually, but DOD's management of services procurement is inefficient and ineffective and the dollars are not always well spent. Recent legislation requires DOD to improve procurement practices to achieve savings. Many private companies changed management practices based on analyzing spending patterns and coordinating procurement in order to achieve major savings. This report evaluates five companies' best practices and their conduct and use of "spend analysis" and the extent that DOD can pursue similar practices. The leading commercial companies GAO studied reported achieving and expecting to achieve billions of dollars in savings by developing companywide spend analysis programs and service-contracting strategies. Spend analysis answers basic questions about how much is being spent for what services, who are the suppliers, and where are the opportunities for leveraged buying to save money and improve performance. To obtain these answers, companies extract internal financial data, supplement this data with external data, organize the data into categories of services and suppliers, and have the data analyzed by managers or cross-functional teams to plan and schedule what services will be bought on a company wide basis. The results of spend analysis are also used for broader strategic purposes--to develop reports for top management, to track financial and other benefits achieved by the company, and to further improve and centralize corporate procurement processes. DOD is in the early stages of a spend analysis pilot. Although DOD is moving in the right direction, it has not yet adopted best practices to the same extent as the companies we studied. Whether DOD can adopt these practices depends on its ability to make long-term changes necessary to implement a more strategic approach to contracting. DOD also cites a number of challenges, such as its large and complex need for a range of services, the fragmentation of spending data across multiple information systems, and contracting goals for small businesses that may constrain its ability to consolidate smaller requirements into larger contracts. Challenges such as these are difficult and deep-rooted, but companies also faced them. For DOD to change management practices for the contracting of services will require sustained executive leadership at DOD as well as the involvement and support of Congress
Cataloging source
GPO
Government publication
federal national government publication
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://bibfra.me/vocab/lite/organizationName
United States
http://library.link/vocab/subjectName
  • United States
  • United States
  • Contracts for work and labor
  • United States
  • Armed Forces
  • Contracts for work and labor
  • Expenditures, Public
  • United States
Label
Best practices : improved knowledge of DOD service contracts could reveal significant savings
Instantiates
Publication
Note
  • Title from title screen (viewed Nov. 5, 2003)
  • "June 2003."
  • Paper version available from: General Accounting Office, 441 G St., NW, Rm. LM, Washington, D.C. 20548
  • "GAO-03-661."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
mixed
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
53364083
Dimensions
unknown
Extent
1 online resource
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)53364083
System details
  • System requirements: Adobe Acrobat Reader
  • Mode of access: Internet from GAO web site. Address as of 11/05/03: http://www.gao.gov/new.items/d03661.pdf; current access available via PURL
Label
Best practices : improved knowledge of DOD service contracts could reveal significant savings
Publication
Note
  • Title from title screen (viewed Nov. 5, 2003)
  • "June 2003."
  • Paper version available from: General Accounting Office, 441 G St., NW, Rm. LM, Washington, D.C. 20548
  • "GAO-03-661."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
mixed
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
53364083
Dimensions
unknown
Extent
1 online resource
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)53364083
System details
  • System requirements: Adobe Acrobat Reader
  • Mode of access: Internet from GAO web site. Address as of 11/05/03: http://www.gao.gov/new.items/d03661.pdf; current access available via PURL

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