What process is used to determine if industry can support the acquisition needs of the Government?

Market research is the process utilized to determine whether the industry can meet the acquisition needs of the government. This involves gathering and analyzing information about the industry's capabilities, trends, and the current market landscape. By conducting market research, government agencies can identify potential suppliers, understand the competitive environment, and ascertain the feasibility of fulfilling their procurement requirements. This comprehensive understanding helps ensure that the government can effectively meet its needs while also providing insight into pricing, technical solutions, and service offerings available within the market.

In contrast, a feasibility study focuses on evaluating whether a specific project or initiative is viable based on various criteria but does not specifically gather data on industry capabilities. Risk assessment concentrates on identifying and analyzing potential risks associated with a project or acquisition but does not inherently assess market capacity. Cost-benefit analysis compares the costs and benefits of different options to determine the best value; while useful, it does not directly evaluate the industry's ability to support government acquisitions.