ART - NIGP Resolution 2006

This document is Resolution 1027, which focuses on strategic sourcing in public procurement. It highlights the significant amount of money spent by federal, state, and local governments on goods and services each year. The resolution emphasizes the responsibility of procurement agencies to maximize the value of taxpayer dollars through tailored sourcing strategies. Strategic sourcing is defined as the collaborative and structured process of analyzing an organization's spend to make decisions about acquiring commodities and services more effectively and efficiently. The document states that strategic sourcing helps optimize performance, minimize costs, achieve socio-economic goals, evaluate total life cycle costs, and increase the value of each dollar spent. It mentions that spend and gap analysis are tools used to develop a comprehensive strategic sourcing plan. The resolution encourages the Chief Procurement Officer to collaborate with the head of the end user agency to establish a strategic sourcing plan at the beginning of each fiscal year. It also suggests the development of a system of measures, performance measurements, and feedback to track the execution of the strategic sourcing plan. The Chief Procurement Officer is expected to communicate any reductions in prices, cost of doing business, and improvements in performance resulting from the strategic sourcing plan to the head of the end user agency. The document is certified as adopted by the Board of Directors of the National Institute of Governmental Purchasing, Inc. on October 21, 2006.