Total acquisition cost: The missing tool from the procurement reform toolbox

In 2013, the FAR & Beyond blog discussed the importance of measuring/assessing TAC, noting that “commercial best practices inform us that the key metric in measuring and delivering best value in procurement/logistics operations is total ownership cost. In government terms, let’s use the term total acquisition cost (TAC).” In 2017, TAC remains the missing link in measuring, assessing, and, ultimately, reforming the procurement system to deliver best value mission support for customer agencies and the American people.

Acquisition approaches and decisions must be data-driven and must include the TAC, which should be comprised of all direct and indirect costs of acquisition.

Source: Total acquisition cost: The missing tool from the procurement reform toolbox – FederalNewsRadio.com