Competitive bidding has been found to be the most common supplier selection technique for outsourcing, with most organizations using a tender (a request for proposal, or RFP) to see how the marketplace would respond to its needs [2]. This approach not only puts pressure on suppliers to deliver their best value for the money against their peers, but it also gives the organization the information it needs to evolve and mature its selection decision.
Executive Report
Competitive Bidding: Getting the Right Deal with the Right Supplier
By Sara Cullen
Posted August 31, 2006 | Leadership | Leadership |

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