Why competitive bidding ensures too much is spent for too little

Competitive bidding is the problem, not the solution

September 5, 2012
CALGARY, AB, Sep 5, 2012/ Troy Media/ – How do you go about spending too much for too little? It’s not easy. Most people have a predisposition against this kind of thing.

Fortunately, no challenge is too great for the purchasing department. When not changing their name to ‘supply chain management’ or ‘procurement’, the people buying stuff for industry and especially government are busily determining how best to waste time and money.

It turns out, there’s a process for that. There’s a process for everything these days, including purchasing. Two processes actually. <Read the entire article>