This paper discusses the methods by which governmental acquisitions are made, especially Air Force's ABC method.
Written in 2005; 2,345 words; 6 sources; APA; $ 72.95
Paper Summary:
This paper explains that it is important for organizations, which deal with governmental acquisitions, to understand why the government does various things and what the organization must do; this will help them not only to comply with many of the financial management and regulations laws but also helps manage costs. The author points out the need to define outputs, to develop systems, to identify customers and to trace and to collect the costs of the various resources. The paper relates that the Air Force's ABC method looks at the various costs such as supplies, labor, travel funds and many other issues and calculates the costs of each of the outputs, the services and products that are created.
From the Paper:
"Taking a governmental acquisition organization and utilizing an activity based management system is not something to be taken lightly. There is a great deal of effort involved in creating a system that will provide cost data that is reliable and even then the system does not have much value for the work that was put into it if it is not utilized to manage the resources that an organization has. Even after many processes have been improved and all of the serious difficulties have been addressed and worked out, management must utilize the system. If they choose to stop using it both performance and cost will likely suffer because systems such as this activity based management system need to continually be utilized by management in order to keep them working at the most efficient level."
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