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Anissapreister08 Oct, 2020Business

When a division within my company is looking to bring in a third party to handle a substantial amount of their business they will ask procurement to handle the initial point of contact, and to start the request for proposal process. Depending on the type of services needed, there could be hundreds of companies that provide this service.It is the procurements department's responsibility to review these companies and recommend viable contenders. For any company that passes the initial screening process, and are now a contender will need to submit a formal proposal.