competitive sourcing

Competitive sourcing is a management process where a government agency or organization evaluates whether to perform a specific function internally or to outsource it to a private company or contractor. The goal is to ensure that the work is done efficiently, cost-effectively, and maintains quality. By comparing costs, performance, and risks of both options, decision-makers select the most advantageous approach. This process promotes transparency, accountability, and the best use of resources, often leading to improved services and savings for the organization or public.