article thumbnail

Finding the 2nd Right Answer: The Planning Phase of Procurement

The Procurement School

Everybody knew that a competitive bid would be issued to the usual suspects and that was the best way to determine value. Imagine running an inventory cycle count where the physical count and book values are reconciled on a daily basis. The status quo in many organizations is only the annual inventory count- the anchor.

article thumbnail

How Consultants Help Identify and Mitigate Risk

The Procurement School

Competitive bids need to be issued; policies updated: contracts need active oversight; staff hiring and retention; trade agreement obligations; supplier performance evaluations; or Indigenous engagement must be factored in to the decision-making. Inventory fulfilment rates were low. Supplier performance had never been measured.

article thumbnail

Negotiating Contracts in Canada: Tips for Contract Managers

The Procurement School

Competitive bids need to be issued; policies updated: contracts need active oversight; staff hiring and retention; trade agreement obligations; supplier performance evaluations; or Indigenous engagement must be factored in to the decision-making. Inventory fulfilment rates were low. Supplier performance had never been measured.