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.
Australia faces a looming supply chain crisis, according to the Chartered Institute of Procurement & Supply (CIPS), as it reveals that almost half (48%) of Australian supply chain managers say their employer has failed to equip them with the new skills they need to...
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Skilful procurement plays a key role at iconic Australian carrier – and brand – Qantas, its CPO Jane Harley tells Anna Scott.
Thursday 21 September 2017
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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...
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An offer, usually in writing, to execute work or supply goods or services at a stated price, and under stated conditions.