Home e-Sourcing FAQ Is Online Bidding Right For Me? But, you are suggesting adding bidders with whom I am not familiar. I may be taking a risk

But, you are suggesting adding bidders with whom I am not familiar. I may be taking a risk

Answer

The reality is the risk may be greatest by not exploring the marketplace and identifying potential new suppliers; ones who may employ more modern techniques, equipment, and processes, as well as those in low cost countries. To include new bidders, you will need to perform pre-screening, at a minimum, or even a full qualification. By proceeding incrementally, with those companies who display the most promise, you can infuse competition, while minimizing risks at each step. Again, the greater risk may be in not remaining as a competitive company in a global marketplace.

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Is Online Bidding Right For Me?
 

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