Information Gathering

The initial step in the procurement process involves assessment of requirement, identification of potential suppliers and collection of information on suppliers of such goods/ services.

Sources of information for identifying suppliers:

  • Past experience
  • Trade directories
  • Catalogues published by vendors
  • Trade journals and business magazines
  • Trade fairs and trade shows

 

Types of suppliers to be considered:

  • Distributors
  • Manufacturers
  • Foreign suppliers/ agents