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A procurement manager has been asked to procure 1,000 pens.

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A procurement manager has been asked to procure 1,000 pens. He suggests to his manager that to obtain the best value for money, they should undertake a competitive bidding process. Would this be the best course of action?

A.

Yes, as all procurement processes should go through competitive bidding to achieve the best value for money

B.

Yes, the process will be opened up to many suppliers and therefore will result in a cheaper price for the pens

C.

No, competitive bidding should only be used when the value justifies the time spent on the process

D.

No, competitive bidding should only be used in public sector organisations

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