A company has updated the method it uses to initiate projects. The company requires RFPs from three vendors, and low high bids must be rejected to determine the selected vendor. Which of the…

The correct answer is C. Business process change. The process of hiring a company to offload work to is called outsourcing however, this question specifies that the company is changing it's process to require 3 bids from vendors. This indicates to me that the business process is changing.

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Question

A company has updated the method it uses to initiate projects. The company requires RFPs from three vendors, and low high bids must be rejected to determine the selected vendor. Which of the following terms describes this requirement?

Options

AOutsourcing
BBusiness acquisition
CBusiness process change
DInternal reorganization

How the community answered

(38 responses)

A
3% (1)
B
3% (1)
C
89% (34)
D
5% (2)

Explanation

The process of hiring a company to offload work to is called outsourcing however, this question specifies that the company is changing it's process to require 3 bids from vendors. This indicates to me that the business process is changing.

Topics

#RFP process#business process change#vendor selection#procurement

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