Increasingly, technology is sold as a "solution" into every business function, including procurement. The range of technology options available, coupled with powerful sales and marketing messages, can often overwhelm decision makers. The C-suite and procurement leaders face a common dilemma when choosing procurement software: should the new software system be an "on-premises" application or a cloud solution?
Political scientists need a new sub-specialty to describe the end-of-year extravaganzas that influence peddlers and special interests have combined to make a Capital Christmas tradition: the racket of wholesale plundering of the government's treasury. Paraphrasing Willie Sutton, that's where the (tax-farmed and public-debt) money is.
The federal government is one of the world's biggest consumers. These hundreds of billions of dollars in purchases and investments are a driving force of the American economy -- procurement creates jobs, promotes innovation and even has socially beneficial effects. It also is often associated with outsourcing waste and fraud and crony capitalism.
In February, the SBA published its final rules to set aside $6.5 billion in federal government spending for Women-Owned Small Businesses or economically disadvantaged women-owned small businesses. But on September 9, the Washington Business Journal said to date, women-owned businesses only got $500,000.