Article by Kate Vitasek, Bonnie Keith, Jeroen Van De Rijt and Andrew Downward ·  published online on May 3, 2022

The ABCs of Competitive Bidding — https://www.scmr.com/article/the_abcs_of_competitive_bidding

“Every day, hundreds of organizations conduct competitive bids to pick the best supplier to meet their needs. Unfortunately, too many organizations are using the wrong tools for the wrong job—often resulting in selecting the wrong supplier or developing a contract misaligned with the organization’s objectives. Simply put, using the wrong competitive bidding method is like putting a square peg in a round hole. Forcing it to fit is myopic and inefficient…”