What does FSC mean in US GOVERNMENT
Federal Supply Classes (FSC) are a systematic categorization of products and services used to identify the supply and demand of goods and services in the federal marketplace. FSCs are a core element of the Federal Logistics Information System (FLIS), established by the Department of Defense's Federal Logistics Information Service (FLIS).
FSC meaning in US Government in Governmental
FSC mostly used in an acronym US Government in Category Governmental that means Federal Supply Classes
Shorthand: FSC,
Full Form: Federal Supply Classes
For more information of "Federal Supply Classes", see the section below.
Essential Questions and Answers on Federal Supply Classes in "GOVERNMENTAL»USGOV"
What is FSC?
FSC stands for Federal Supply Classes, which are a system for classifying products and services used to identify supply and demand in the federal marketplace.
Who created the FSC system?
The FSC system was established by the Department of Defense's Federal Logistics Information Service (FLIS).
What is FLIS?
FLIS stands for Federal Logistics Information System, which is used as part of the FSC system.
How is FSC used?
FSC is used to identify supply and demand issues in the federal marketplace. It can also be used to determine purchasing strategies and streamline communication between suppliers, customers, and other stakeholders.
Are there any other uses for FSC?
Yes, many agencies use FSCs as part of their cost accounting systems. Additionally, several commercial databases offer searchable databases based on FSC codes.
Final Words:
Federal Supply Classes provide an efficient way for government agencies to organize product information into convenient categories that make it easier to source materials from suppliers. This has enabled increased efficiency in procurement processes across all levels of government procurement operations.
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