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- Five types of procurement are12:
- Negotiated procurement: a method of procurement where the buyer negotiates the terms and conditions with one or more selected suppliers.
- Supplier development: a method of procurement where the buyer invests in improving the capabilities and performance of the supplier.
- Direct acquisition: a method of procurement where the buyer purchases the goods or services directly from the producer or provider.
- Indirect acquisition: a method of procurement where the buyer purchases the goods or services through an intermediary, such as a distributor or a wholesaler.
- Public-private partnership: a method of procurement where the buyer collaborates with a private sector partner to deliver a public service or project.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.There are five main procurement methods:
- 1. Negotiated procurement
- 2. Supplier development
- 3. Direct acquisition
- 4. Indirect acquisition
- 5. Public-private partnership
oboloo.com/blog/what-are-the-five-procurement-m…Procurement Methods
- 1. Open Tendering Open tendering is shorthand for competitive bidding. ...
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