Acquisition Planning Procurement Methods 1 Why is acquisiti

Acquisition Planning & Procurement Methods

1. Why is acquisition planning so important? What must you do to identify a potential source?

2. Why does the government stress the importance of competition in contracting?

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3. What is a sole source?

4. What is simplified acquisition and what things do you have to take into consideration?

5. Why is commercial contracting important?

6. Why are qualified contractors essential to the contracting process?

7. What are the Contracting’s Officers responsibilities towards and Organizational Conflict of Interest?

Solution

1) Acquisition planning must involve all personnel responsible for significant aspects of the acquisition. The purpose of this planning is to ensure that the Government meets its needs in the most effective, economical, and timely manner. This training is designed to assist in effective acquisition planning.

3) With sole sourcing, there are no options. Companies may search for multiple suppliers and distributors for a product or service, then discover only one vendor is capable of producing the product. There are many benefits here like while some companies prefer options, sole-sourcing contracts do offer certain benefits. It takes time and money to contact different vendors, request pricing information and negotiate merchandising contracts. Having only one supplier, distributor or vendor for a particular merchandise reduces the amount of time spent researching products and negotiating prices with vendors.

4)The Simplified Acquisition Program was created to assist contracting officers in meeting their small business contracting goals.