Reducing the Cost of Procurement of Material and Services,
Abstract
Commercial payments and stock fund division sales are fruitful areas for substantial cost savings. This can be accomplished with a little imagination, relaxing of DoD regulations, and government policies. This is especially true considering the state of the art of financial management, major computerized financial and supply systems, and our ability to use the fast pay and certificate of conformance procedures currently authorized in procurement instructions and regulations. This paper analyzes the commercial accounts procedures and intra/inter agency stock fund transactions and recommend changes that can be made to realize substantial cost savings. Due to the lack of sufficient research capability and time the amounts and figures used are approximates. Actual figures are available and can be obtained at a later date. The cost savings are identified more with the activities listed in the first paragraph, but they are applicable throughout the government as the same basic procurement and payment procedures are used by all government agencies.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 28, 1980
- Accession Number
- ADA091255
Entities
People
- Chester F. Johnson
Organizations
- United States Army War College