Smart-Purchasing.com: Best Practices: Checklist

Best Practices: Contracting
Ensure Competition

Traditional	Best Practice
Quote three suppliers Same suppliers Not interactive Extensive sole sourcing User selects source	Competition introduced (near term or long term) for all purchases Purchasing selects suppliers

Rationale
"Fear" of competition is a powerful lever Lower cost and enhance service
Details
All contracts over $100,000 should be competitive

Best Practice | Case Study | Commentary