Based on a survey performed by “Hacket Group Survey, 2017”, about 40% of the problem in procurement process is about the identification, evaluation and selection of reliable suppliers or contractors. The average organisation spends approximately 41 hours per event on supplier identification and qualification.

Whether it is Strategic, Tactical, Operational or a Commodity supplier, it is imperative that a thorough supplier evaluation exercise is conducted before initiating sourcing process with new suppliers, especially for strategic goods in single or sole source situations

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