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Streamlined Commodity Purchasing Process: Using RFP and ITT for Effective Vendor Selection

This document outlines a classic selection process for commodity purchasing utilizing Request For Proposals (RFP) and Invitations To Tender (ITT). It emphasizes the importance of clearly defining requirements and selection criteria, identifying potential vendors, and producing effective RFPs. The process continues with vendors formulating proposals, followed by an evaluation phase assessing the best fit and value. Finally, the document concludes with the agreement of contracts, ensuring a structured and efficient procurement process.

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Streamlined Commodity Purchasing Process: Using RFP and ITT for Effective Vendor Selection

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  1. Selection by Straightforward Purchasing Decision Commodity Purchase Classic Selection Process using Request For Proposal (RFP) / Invitation To Tender (ITT) Define Requirements Define Requirements Define Requirements Identify Potential Vendors Define Selection Criteria Identify Potential Vendors Produce Request For Proposal Vendor Formulates Proposal Evaluate Best Fit & Value Evaluate Proposals Agree Contract Agree Contract Agree Contract

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