How should agencies use market research results in procurement?

Using market research results in procurement is essential for informed decision-making, particularly in determining the extent of available commercial items or non-developmental items. This process allows agencies to assess the marketplace, understand the types of products or services that are readily available, and evaluate how these offerings can meet their needs effectively.

By gathering and analyzing market research, agencies gain insights into current market trends, capabilities of potential suppliers, and the viability of purchasing off-the-shelf products rather than developing new solutions from scratch. This is crucial in ensuring that the procurement process is efficient and cost-effective, as it helps agencies leverage existing products to fulfill their requirements without unnecessary delays or expenditures.

While there are other valid considerations in procurement, such as identifying potential contractors or setting budget limits, the primary focus of market research is to understand what is available in the market. This foundational understanding streamlines subsequent procurement activities and encourages best practices in acquiring goods and services.