Certainly there are many changes to the FAR possible to improve its shortcomings. Beyond that, however, Contract Specialists, Administrative Contracting Officers, legal contract reviewers, and the many program staff members that provide input to Procurement can improve the acquisition process.
There are no hindrances to government personnel coming together to create internal metrics, to improve accountability, timeliness and effectiveness. There is virtually no coordination across commodities or agencies of best practices. This is an activity that can yield results every year. Industry does it, the government can too.