Begich, who is expected to face a tough reelection race in 2014, said the Buy Smarter and Save Act, S. 1304, would save nearly $10 billions by promoting bulk buying or “strategic sourcing” within the federal government.

Begich said that if federal agencies coordinated their purchasing of basic goods and services, the government could negotiate better deals since contracts would be for larger quantities. He said the federal government currently spends more than $500 billion every year on goods and services.

Begich said the government should buy things such as fuels, food, medical supplies, vehicles and maintenance services in bulk to prevent agencies from buying higher-end products and it would also stop agencies from unnecessarily stockpiling supplies.

Begich introduced the bill in the Senate earlier this month and Rep. Tim GriffinJohn (Tim) Timothy GriffinFlynn discloses lobbying that may have helped Turkey Tea Party class reassesses record Huckabee's daughter to run '16 campaign MORE (R-Ark.) has introduced a companion measure in the House.