The business will define its requirements for a product or service and the Procurement team:
- performs market research and identifies available suppliers
- assesses new suppliers (risk-assessment and capacity v. quality analysis)
- prepares the RFx and compares the suppliers’ proposals (including Ariba registration for RFx purposes)
- negotiates commercial terms & conditions and contractual clauses with selected suppliers
- triggers 'New Supplier Setup' in our Ariba database
- signs contracts with suppliers
We measure supplier performance over specified time periods and discussion over regular meetings.