At which stage of the procurement process would a buyer be MOST likely to invite potential suppliers to provide a formal written presentation?
A) Problem recognition
B) General need description
C) Information/supplier search
D) Product specification
E) Proposal solicitation

Question

Quizplus · Accepted Answer

Formal written presentations are usually requested as part of the proposal solicitation stage when the buyers have shortlisted potential suppliers and are seeking more information to make a final decision. During this stage, buyers may ask suppliers to present detailed proposals that provide specific information on pricing, delivery schedules, quality control, and other relevant factors.

At Which Stage of the Procurement Process Would a Buyer