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.
First published in Suply management magazine.
CIPS is preparing a health check to guide users through taking the necessary precautions at this stage and help them identify supply chain risk that they can apply to different scenarios as more information comes...
Procurers will be better equipped to stop bid-rigging and save taxpayers’ and businesses’ money with the launch of an e-learning package.
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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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Reactive and strategic sourcing approaches are not mutually exclusive, however, strategic approaches are preferable because of their inherent ability to maximise...
An offer, usually in writing, to execute work or supply goods or services at a stated price, and under stated conditions.