Everyone is wondering: When will the recession end? Will the stimulus work? If so, how long will it take?

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Though I’ve not seen it discussed, in my mind the #1 factor in determining the speed of economic recovery is government procurement efficiency. What is the value of the stimulus package? $787 billion? That’s a lot of government contracts to award, don’t you think – even if a portion of that total is tax cut and not spending related?

Is that additional workload going to be handled by existing government procurement professionals who are already working their existing projects? Or are new government procurement positions going to be created?

If the former, I hope that the various procurement departments have an established sourcing strategy. If the latter, I hope that there are plans for some fast track training of those folks.

After all, only the fate of the global economy depends on them doing a high-quality, high-speed job.

To Your Career,
Charles Dominick, SPSM
President & Chief Procurement Officer
Next Level Purchasing, Inc.
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Charles Dominick, SPSM, SPSM2, SPSM3

Charles Dominick, SPSM, SPSM2, SPSM3 is an internationally-recognized business expert, legendary procurement thought leader, award-winning entrepreneur, and provocative blogger. Charles founded the Next Level Purchasing Association in 2000, oversaw its incredible growth, and successfully led the organization to its acquisition by the Certitrek Group in 2016. He continues to blog and provide advisory services for the NLPA on a part-time basis as he incubates his upcoming business innovations. Charles is also the co-author of the wildly popular, groundbreaking book, "The Procurement Game Plan: Winning Strategies & Techniques For Supply Management Professionals."

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