Strategic Sourcing: How Government Agencies Can Maximize Their ROI

Categories : Procurement Stages
  • Tags : Negotiate | Evaluate Supply Market | Save Money | Set Strategy
Published on : Aug 16 2017

By: IBISWorld Analyst, Anna Son

With more than $1.2 trillion in annual discretionary spending, federal agencies have a significant impact on the US economy. Each year, Congress allocates a sizable portion of the federal budget toward discretionary programs to support the military, education, transportation and other sectors of the economy. Under the current federal budget proposal, several government agencies are expected to enjoy an increase in discretionary spending, whereas others will experience substantial budget cuts. IBISWorld has identified some of the top spending categories for federal, state and local government agencies and how they can negotiate more strategically to maximize their return on investment.