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  2. Project delivery method - Wikipedia

    en.wikipedia.org/wiki/Project_delivery_method

    Project delivery methods defines the characteristics of how a construction project is designed and built and the responsibilities of the parties involved in the construction (owner, designer and contractor). [1] They are used by a construction manager who is working as an agent to the owner or by the owner itself to carry-out a construction ...

  3. Bidder conferences - Wikipedia

    en.wikipedia.org/wiki/Bidder_conferences

    A common key element of the Bidder Conference is the presentation of the project. Bidders are also introduced to the procurement process, including the buyers' Terms and Conditions of purchasing, and any compliance requirements that apply to the bidding process, and later to the execution of the project. Sellers are also familiarized with the ...

  4. Procurement - Wikipedia

    en.wikipedia.org/wiki/Procurement

    Business administration. Procurement is the process of locating and agreeing to terms and purchasing goods, services, or other works from an external source, often with the use of a tendering or competitive bidding process. [1] The term may also refer to a contractual obligation to "procure", i.e. to "ensure" that something is done.

  5. Strategic sourcing - Wikipedia

    en.wikipedia.org/wiki/Strategic_sourcing

    Strategic sourcing is the process of developing channels of supply at the lowest total cost, not just the lowest purchase price.It expands upon traditional organisational purchasing activities to embrace all activities within the procurement cycle, from specification to receipt, payment for goods and services [1] to sourcing production lines where the labor market would increase firms' ROI. [2]

  6. Supplier relationship management - Wikipedia

    en.wikipedia.org/wiki/Supplier_relationship...

    Supplier relationship management (SRM) is the systematic, enterprise-wide assessment of suppliers' strengths, performance and capabilities with respect to overall business strategy, determination of what activities to engage in with different suppliers, and planning and execution of all interactions with suppliers, in a coordinated fashion across the relationship life cycle, to maximize the ...

  7. Contract awarding - Wikipedia

    en.wikipedia.org/wiki/Contract_awarding

    Contract awarding. Contract awarding is the method used during a procurement in order to evaluate the proposals (tender offers) taking part and award the relevant contract. [1][2] Usually at this stage the eligibility of the proposals have been concluded. So it remains to choose the most preferable among the proposed.

  8. Project management - Wikipedia

    en.wikipedia.org/wiki/Project_management

    Business and economics portal. v. t. e. Project management is the process of supervising the work of a team to achieve all project goals within the given constraints. [1] This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, and budget. [2]

  9. Supply chain management - Wikipedia

    en.wikipedia.org/wiki/Supply_chain_management

    Supply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.

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