Management of military procurement

Procurement management (PM) in the military requires rigorous planning, implementation, and monitoring. The procurement of products and services for military activities is subject to severe standards, including the federal acquisition regulation (FAR) in the USA and defence acquisition laws that assure security and safety. Given the strategic and complicated nature of decision-making in this industry, developing an adaptive project management technique is critical for ensuring optimal value, quality, and supplier support. This article conducts an in-depth investigation of supplier selection methods for public procurement in several nations, with an emphasis on high-value assets in the military and marine sectors. It emphasises the significance of reconciling operational objectives with regulatory limitations and provides a new multi-criteria decision making (MCDM) approach for assessing vendors. The methodology is demonstrated through a case study on vessel supplier selection, which includes engagement with several shipyards and stakeholders. The results show that this technique is effective at limiting risks, improving quality, and maintaining supplier support while providing an explicit and practical process for generating consistent and satisfying results.