Resource Origin: By Paul Emanuelli via The Procurement Office
“This article is an excerpt from The Art of Tendering: A Global Due Diligence Guide, which is available for purchase.
The high-speed demands of the modern purchasing cycle require project teams to get to market with traction, speed, and precision. The “95/5” rule recognizes that 95 percent of procurement failures are caused by the failure to properly address the five core design elements of project planning at the strategic planning stage of a procurement project. To help jump-start your projects and accelerate your tendering cycles, this discussion summarizes a road-tested planning process that focuses on the five core elements of strategic design-planning: project requirements; pricing structures; evaluation plans; contract assembly; and tendering formats…”
Contributors: Open Source
Categories: Industry Articles, SIG U Resource
SRC Type: Contract Development, Evaluation and Selection, Sourcing