Sourcing and Tendering

Sourcing and Tendering

From Site to ‘Insight’ Visits

Sourcing and tendering processes, can have a considerable impact on benefits. We can be sure that a potential supplier can control quality, keep terms of delivery, quantity, and price. Evaluation of a supplier process begins at the tender stage. It can be conducted through a questionnaire, interview or site visit. What is checked includes financial stability, quality standards, the ability to perform business, and organizational structure. Business professionals say that an important part of the sourcing and tendering process contributing to the success in business is vendor and supplier rating. It is the process of establishing performance categories first, and then gathering and analyzing data to learn about trends and identify areas that require some further action. In this respect, it is crucial to ensure that suppliers maintain good performance.

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