Government procurement spans an incredible range of products – from office supplies to first responder equipment – that support a spectrum of agency stakeholders. Procurement’s focus on directing spend uniquely positions them to help drive performance towards their organization’s broader goals. More importantly, for procurement to tackle increasingly complex purchasing categories, drive compliance with internal purchasing policies, implement guardrails against unplanned spend, and manage risks, procurement must cultivate its influence by managing and reporting performance to stakeholders.

According to the US Government Accountability Office (GAO), public agencies should incorporate the top three practices leading companies are deploying to improve procurement performance within their organization.