Questions to ask yourself before you select a supplier
What do you want to purchase?
- What must the good/service be able to do?
- Are there any time, product, or work constraints to be aware of?
What suppliers are available?
- Does BU have a contracted supplier for this good/service?
- What 3 suppliers potentially can provide the good/service?
Is the supplier fully aware of your specifications and scope of work?
- Can the supplier provide a quote that satisfies your requirements?
- Does the quote detail the total cost breakdown of goods/services to be rendered?
How do the quotes compare?
- Can you compare the quotes “apples to apples”?
- Can the supplier(s) revise the quote(s) so you can make a comparison, apples to apples?
- If this purchase were to be audited, how would you justify your purchasing decision?
Are you ready to submit a requisition?
- How does the selected quote meet your requirements?
- Did you select a contracted supplier or competitive quote – or can you prepare a justification for non-competition?
- Can you forward quote(s), specs, and/or a justification to BU Sourcing & Procurement upon request?