The Sourcing Process
Organisations need to be able to count on their suppliers for the products and services needed to deliver its own services, otherwise ...
Introduction to Managing The Bid Process
Our suppliers are there to make sure our organisations always have the products and services needed to do what we do well. I know that ...
Introduction to Planning & Specifying Procurement
When we are deciding what to buy and when, it is called “procurement planning”. We all have a better chance of getting the result that ...
Simple Procurement Cycle
The Procurement Cycle is a series of steps you take when you buy a product or service for your organisation. There is no one ...
The 5 rights of procurement
The 5 rights of procurement Procurement includes all the activities you need to buy products and services for your organisation. It can ...
Introduction to Value for Money
Value for money is about the total cost to your organisation, not just the price you agree to pay for a product or service. Sometimes ...
Specifications - 5 Rights
In procurement, a specification is a detailed description of the goods or services required. It forms part of what are known as an RFQ ...
Supplier Selection and Supplier Appraisal
Choosing the right supplier is critical: the products you buy make up between 40% and 60% of end product sales and have a direct impact ...
The Kraljic Matrix
Managing suppliers correctly is important in procurement. It is a key part of risk management and achieving good value for money over ...
The Procurement Cycle
Procurement is about finding companies who can supply the products or services you need, at the right price and on schedule. Your aim ...
Specifications
Specifications set out the detailed requirements for the products or services you are buying. They make sure that the products and ...
Pre-qualification questionnaire (PQQ)
The search for companies to supply products or services to your organisation can seem time-consuming and expensive, even if the ...