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Step 1: Identifying the need for the service
The need for the service will be triggered by one of the employees of the firm or by the entrepreneur
himself. The justification should follow due process to avoid wastage of resources for services
that are not needed.
Step 2: Short listing of possible service providers
Based on the need, the purchasing office or the entrepreneur will identify the possible third party
firms that can provide these services and get their quotations
Step 3: Selection
Based on pricing and other considerations such as efficiency of service, terms of payment,
quality of products e.t.c, the entrepreneur will select the quote from successful supplier and
communicate to him that he has been selected to supply the services or good.
Step 4: Communication with unsuccessful applicants
It is good practice for the entrepreneur to communicate with the unsuccessful applicants the fact
of their non selection and the reasons for the same.
Kavungya answered the question on April 10, 2021 at 10:33
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