Inject Competition to Drive the Lowest Price and Greatest Value
In working with our clients, we consistently see competition drives the lowest price and greatest value.
So, how do you inject competition into your procurement process?
Create an environment that encourages multiple suppliers to participate and offer the best terms.
Initiate formal processes. This involves establishing structured, transparent, and consistent procedures that all suppliers are aware of and can participate in on equal footing.
By refining your procurement processes, you can ensure a competitive environment leading to better prices, value, innovation and quality in the goods and services you purchase.
