This issue our experts were posed with the question, “Some suppliers have complained our tender processes are too long and are too expensive, putting them off participating. How do I cut the cost and time without reducing due diligence?”
Here are the highlights of what they told us:
* develop a simplified process for low value/low risk requirements e.g. Use of a Purchasing Card or simplified tender documents with standard terms and conditions
* get specifications right the first time, keep contractual documents and instructions to suppliers to the minimum
* a two-phase process for high value tenders will filter out unsuitable bidders early on
What do you think?