Sourcing and Tendering


Sourcing seeks to find, evaluate and engage suppliers to achieve cost savings and best value for goods and services which can be done through a tender process. Factors such as reliability, quality, flexibility and capacity are considered in the tendering process alongside price.

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Related concepts

Supplier Evaluation and Appraisal

Supplier evaluation is conducted at the tender stage and can be in the form of either a questionnaire, interview or site visit to assess the supplier’s capability in terms of capacity,...

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Sourcing

Reactive and strategic sourcing approaches are not mutually exclusive, however, strategic approaches are preferable because of their inherent ability to maximise...

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How to Prepare and Evaluate Tenders

An offer, usually in writing, to execute work or supply goods or services at a stated price, and under stated conditions.

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