FEDLINK's Strategic Sourcing Initiative
FEDLINK manages the acquisition of information products and services – such as subscriptions, books, maps and newspapers – on behalf of federal agencies that opt into the Strategic Sourcing program. The initial effort targets legal information and science, technology, engineering and medical content. The FEDLINK Strategic Sourcing initiative could potentially save between $140 million and $555 million over the next four years across federal government agencies depending on participation, according to a report by the Federal Research Division at the Library of Congress.
Strategic sourcing is the collaborative process of critically analyzing an organization’s spending, then using the information to make decisions about acquiring commodities and services more effectively. Its primary goals are to strategically source across federal agencies; find ways to increase total cost savings, value, and socioeconomic participation; collaborate with industry to develop optimal solutions; share best practices; and create a strategic sourcing community.
Currently, more than 20 federal agencies, both military and civilian – including FEDLINK – participate in the Federal Strategic Sourcing Initiative (FSSI). FSSI was created in 2005 by the Department of the Treasury, the Office of Management and Budget and the General Services Administration to identify products and services that could be purchased more efficiently through strategic sourcing. FSSI agencies also provide centralized acquisition for a variety of products to streamline efficiency and reduce costs to the federal government and taxpayers.
Last Updated: 07/25/2014