everything that matters
Benefits of Bidding Bidding refers to the procurement technique where bids from vendors, suppliers or contractors are invited through openly marketing the specifications and scope of a proposed contract. There are several kinds of bidding such as E-bidding, competitive bidding and many others. However, these different kinds of bidding have similar benefits and some of … Read more
Benefits of Auctions Auctions allow multiple buyers to competitively bid for products of services from single suppliers. These auctions are appropriate for goods that are difficult to move and also excess or surplus inventory. Successful auctions may provide the following advantages. 1. Reduce ownership costs As soon as the choice of selling is made, the … Read more
Benefits of RFP RFP or Request for Proposal is the document sent to various suppliers inviting them to provide proposals for providing services or goods. This document is also known as sourcing project and it is designed specifically for getting suppliers to offer creative solutions to a certain issue or business problem. Further below are … Read more
