Survey

When is it less favorable to obtain quotes or sealed bids when you have no clear product or service specification?

When you have no price forecast or budget.
When you don't know of any capable suppliers.
When no purchase has been approved.
When there is no advantage in obtaining competitive bids.
Where any cost saving would be insignificant.
None are favorable.

Benchmarking Report

 

The American Purchasing Society conducts research about business purchasing practices. The Society obtains information from monthly and annual benchmarking surveys and has been publishing its annual Research and Procurement Benchmarking Report since 1998.

Topics regarding price benchmarking in procurement that are usually included in the purchasing benchmark report are price forecasts, late, early, rejected shipments, staffing levels, savings achieved, new suppliers, policies, and more.

Purchasing professionals use the Society’s supplier performance metrics and supplier performance reports to compare their activities to other organizations with the objective to improve their purchasing practices.

If you would like to read the most recent publication of the Society's Annual Research and Benchmarking Report, become a member of our purchasing professsional organization today!