JavaScript seems to be disabled in your browser. For the best experience on our site, be sure to turn on Javascript in your browser.
At GoVets, several of our Government Buyers reach out as part of their Market Research activities, so we want to share our thoughts based on our knowledge, experience and observations.
Government buyers conduct market research in order to identify and procure products from qualified suppliers and diversified small businesses. Market research is a critical component of the procurement process and helps buyers to gather information on the available products, services, and suppliers in the market. This information is then used to make informed purchasing decisions that meet the needs of the government agency and its constituents.
Market research typically starts with a needs assessment, which helps government buyers to understand the requirements of the agency and its stakeholders. This assessment considers factors such as the type of product or service needed, the specifications and standards required, the desired delivery
In the United States, becoming a tax-exempt buyer typically involves obtaining a tax-exempt status from the federal government. Here is a general overview of the steps that may be required to become a tax-exempt buyer in the United States:
Corporations have come a long way in terms of their approach to supplier diversity. In the past, corporations tended to rely solely on large, established suppliers for their product acquisition needs. However, in recent years, corporations have evolved to become more supportive of diverse suppliers, including those from small businesses, minority-owned businesses, and women-owned businesses. This shift has been driven by a combination of economic, social, and political factors and has had a significant impact on the way corporations do business.
The evolution of corporations to support diverse suppliers has been driven by several factors. Firstly, the globalization of the economy has created a need for corporations to source products from a wider range of suppliers. This has been made possible by the growth of the internet and advancements in transportation and logistics, which have made it easier for corporations to connect with suppliers from all over the world. In addition, corporations
At Govets, we're always monitoring trends in our target markets. One of our key areas is the US federal government. The most frequently purchased items by the US government include: