What happens in the public sector, regarding providing feedback?
Answer(s): A
A sector is an area of an industry, e.g., private, public or third sector. A public sector is a sector of the economy that is owned, finance and run by the government. This sector is financed with tax payer's money. And therefore owe the general public an ethical explanation towards all investment and decision.Once the supplier that is awarded the contract has accepted, the buyer can tell the unsuccessful bidders. This usually happens through email or letter. The public sector is more likely to give feedback to unsuccessful bidders and also have to respond to any stakeholders that request information on why a supplier is not successful.
What is contract performance review and continuous improvement?
Contract performance review and continuous improvement is the stage 11 of the CIPS procurement and supply cycle.In order to effectively manage supplier performance and contractual obligations, the suppliers per- formance against key performance indicators (KPI) should be reviewed regularly. This KPI should have been agreed doing the post contract award negotiation. In addition to review KPIs suppliers and the procurement team should work towards continuous improvement. This is a continuous ef-fort to improve product or services within an organization. This may involve improving quality, reducing waste in the supply chain and focusing on innovation. It is an ongoing process that works toward perfection.Refer to the question column for response
Contract performance review and continuous improvement is the stage 11 of the CIPS procurement and supply cycle.In order to effectively manage supplier performance and contractual obligations, the suppliers per- formance against key performance indicators (KPI) should be reviewed regularly. This KPI should have been agreed doing the post contract award negotiation. In addition to review KPIs suppliers and the procurement team should work towards continuous improvement. This is a continuous ef-fort to improve product or services within an organization. This may involve improving quality, reducing waste in the supply chain and focusing on innovation. It is an ongoing process that works toward perfection.
KPI should be written to match which area of an organization?
Key performance indicator (KPI) is another method of monitoring how a supplier is delivering on a contract.When creating KPIs to manage suppliers and their contracts the areas monitored should be related to the organization's overall strategy that is where organization's success will be measured.
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Napo Posholi commented on October 02, 2023 They are very helpful Anonymous upvote
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