Economic Recovery: The Speed Depends On Government Procurement Efficiency
Everyone is wondering: When will the recession end? Will the stimulus work? If so, how long will it take?
Though I've not seen it discussed, in my mind the #1 factor in determining the speed of economic recovery is government procurement efficiency. What is the value of the stimulus package? $787 billion? That's a lot of government contracts to award, don't you think - even if a portion of that total is tax cut and not spending related?
Is that additional workload going to be handled by existing government procurement professionals who are already working their existing projects? Or are new government procurement positions going to be created?
If the former, I hope that the various procurement departments have an established sourcing strategy. If the latter, I hope that there are plans for some fast track training of those folks.
After all, only the fate of the global economy depends on them doing a high-quality, high-speed job.
To Your Career,
Charles Dominick, SPSM
President & Chief Procurement Officer
Next Level Purchasing, Inc.
Struggling To Have A Rewarding Purchasing Career?
Earn Your SPSM® Certification Online At
http://www.NextLevelPurchasing.com
posted by Charles Dominick, SPSM @ 8:52 AM
3 comments
Subscribe and get new posts by email
Post to del.icio.us
3 Comments:
Government procurement efficiency? $500 hammers for everybody! The words government and efficiency should never be used in the same sentence.
Jeff, good one!
Charles, I just wrote about this, the government is indeed looking to increase its procurement staff. Government: Spend more in our spending departments. Unfortunately, I don't think they are forward thinking enough to develop a strategy or engage an expert such as yourself.
I recently read an article published by CEO Q magazine on economic recovery, the new world order, and the impact of current economic policies. I thought i would share it with you as it has some very interesting facts and insights on the crisis and expected recovery.
Post a Comment
<< Home