How Much Do Suppliers Spend?
The cost of bidding is an under-recognized barrier to entry for many suppliers as they consider bidding on a public sector contract.
Understanding supplier preferences and needs is key for procurement agencies. This knowledge can enable an agency to receive more bids from a broader and more diverse range of suppliers, and therefore derive the greatest value through the procurement process.
The cost of bidding is an under-recognized barrier to entry for many suppliers as they consider bidding on a public sector contract. To better understand these costs, we surveyed public sector suppliers and asked just how much it can cost to participate.
In this recorded webinar, we explore the results of our 2020 Supplier Survey and discuss the impact of eProcurement on supplier participation!
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