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Which are the three most critical controls in procurement process to ensure Value for Money?

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Question added by Nadeem Asghar , Supply Chain Consultant/Trainer , Independent Practitioner
Date Posted: 2016/12/08
Md Fazlur Rahman
by Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd

Thanks for invitation. Three most effective control points are 

  • Detailed specification to serve the purpose and  qty required
  • Transparency through effective competitions to have the best available rates
  • Delivery time as requested by users

 

 

 

umesh Deshpande
by umesh Deshpande , Plant Head , Hydraulic Manifolds India Pvt. Ltd

Cost , Quality, OTD ( On Time Delivery_

Moustafa Abouelsaad
by Moustafa Abouelsaad , Procurement & Logistics Director , Al-Kharafi Construction, Kuwait

Actually, there are about 8 factors not only 3 however we can Chose Cost, Quality & Delivery

jasmina malnar
by jasmina malnar , Head of Marketing and Indirect Procurement , Hrvatski telekom

1. list of invitees + criteria for inviting (who do we invite and why, who gets omitted and why)

2. specification (what do we want)

3. technical criteria for selection (which offer is deemed technically compliant / viable and why; which offer makes it above the threshhold and why; which offers will get turned down and based on what)

 

Deleted user
by Deleted user

QCD (quality,cost, delivery time) are the three critical controls in procurement

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