Final answer:
The Government-Wide Purchase Card (GWPC) is used to streamline the procurement process for small-value goods and services by federal employees, operating similarly to a commercial credit card.
Step-by-step explanation:
The Government-Wide Purchase Card (GWPC) is primarily used for streamlining the procurement process of goods and services for federal employees. It simplifies the buying process for small transactions, reducing the amount of paperwork and processing time.
Federal agencies use the GWPC program to make purchases that are under the micro-purchase threshold, allowing them to quickly and efficiently acquire necessary resources without needing to go through the lengthy bidding or contract processes normally required for larger expenditures.
The card works much like a commercial credit card and can be used for both in-store and online purchases. It not only enhances operational efficiency but also helps in tracking spending and ensuring transparency in government procurements.