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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.

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Purchasing Fundamentals for Today's Buyer

Author:
Harry E. Hough, Ph.D, CPP, CPPM

Description:

Designed for new business professionals who are looking to become buyers or experienced buyers who want to learn or review the essentials of professional purchasing for business. The fundamentals of purchasing book covers how to establish proper buying objectives, how to keep transactions legal, how to obtain the best possible agreement, how to buy the proper quality, and how to minimize costs. One chapter covers how to buy for a new or small company. The Appendices alone are worth the price of the book. They provide invaluable tips and information to make purchasing easier and more profitable for the buyer. This book was $69.95 to members, but is now on sale for members at $59.95.

Your Price: $75.00

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