Day: February 28, 2022

A Procurement Plan is a document that sets out the intended strategy for how procurement will be carried out before any significant procurement actions are performed. A Procurement Plan defines the products, services and works that you will obtain from Read More …

Here are some ways you can encourage your respondents to complete your surveys: 1. Introduce your objective. Provide context with a brief sentence. Tell survey takers why you‘re asking these questions and how their feedback will help, e.g. ―Your suggestions Read More …

Market surveys are an important part of market research that measure the feelings and preferences of customers in a given market. Varying greatly in size, design, and purpose, market surveys are one of the main pieces of data that companies Read More …

Market sounding is a technique used to assess the reaction of the market to the proposed procurement activity and approach. It should be undertaken in conjunction with supply market analysis and brings early collective perspectives from suppliers. Market sounding is Read More …

A market study (also known as market analysis, market assessment, market sounding, market research, etc.) is useful when defining requirements; preparing budgets; choosing procurement method; planning and scheduling the procurement of goods, services and works; evaluation of bids/proposal, and sometimes Read More …

Supply market analysis is a technique used to identify market characteristics for specific goods or services. It provides information to assist with developing potential procurement strategies and is particularly useful for projects which are innovative in nature; complex; or are Read More …