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Select a contracting subject pertaining to the FAR Sections covered in this class: I will be explaining the process for conducting market research in acquiring and distribution of supplies and services to support the United States global war on terror.
II. Body
1. Military units request logistical support for a specific service or the need for a specific type of equipment that they already don’t have.
A. Their request is routed through the proper channels for initial approval by a commanding officer.
B. A review is conducted to ensure that all other options have been exhausted before proceeding the contract process.
2. Market research is conducted to find the best offers from the companies for the requests.
3. The results of the market research conducted will show agencies what can or cannot be purchased.
A. A performance work statement (PWS) or statement of (SOW) is generated that allows the cost of the request items to be analyzed.
B. Once the acquisition is approved then the funds can be allocated for the purchases.
III. Conclusion
The goal of doing market research for government purposes is to ensure that information such as the product and price are gathered to make the best decision in acquisition of goods and services. In the world of military logistics, there are procedures to ensure that supplies and equipment are order correctly and efficiently.
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