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  • vcf3 replied to the topic Procurement Management in the forum Project Management Knowledge Areas 5 years, 11 months ago

    I believe that of a small organization is looking for outsourcing, then it should go for smaller vendors to cut down on the cost and to maintain flexibility rather than going for larger players as they may not provide that much attention to a smaller client. As explained in this week’s lecture for procurement planning before choosing your vendor the team should identify the project needs which comes from having a broad understanding of the entire project and what you need, how much to get and where to get it from. I also believe that company should try to go for a smaller specialized provider as much as possibly as to better evaluate cost and efficiency issues.