Government IT Procurement Archives

Image of a tree symbolizing ISM's growth and evolution, with branches connecting global supply management professionals

Understanding the Role and Impact of the Institute for Supply Management (ISM) in Finance and Investment

January 4, 2025 FinanceFacts101 Business Strategy

Introduction to ISM The Institute for Supply Management (ISM) is a nonprofit organization, founded in 1915, dedicated to serving professionals within supply management and purchasing industries worldwide. Originally known as the National Association of Purchasing Agents, the institute changed its name to ISM in 2002, reflecting its expanded scope and

Maximizing Value: Understanding and Utilizing Government-Wide Acquisition Contracts (GWAC)

November 18, 2024 FinanceFacts101 Government

Overview of Government-Wide Acquisition Contracts (GWAC) A government-wide acquisition contract (GWAC) is a powerful procurement tool in the U.S. federal market that allows multiple agencies to join forces and pool their requirements, resulting in reduced costs and increased efficiency for taxpayers. GWACs are most commonly used to acquire information technology