Rational Acquisition Model
Revision as of 13:47, 10 May 2020 by Gary (talk | contribs) (Gary moved page Rational acquisition model to Rational Acquisition Model)
Rational acquisition model (hereinafter, the Model) is a model that describes how enterprises may rationally behave in order to carry out best source valuation and maximize the outcomes from their acquisitions.
Stages
- Source solicitation. Enterprise efforts undertaken in order to obtain information about possible sources and, possibly, their quotations, bids, offers, or proposals as appropriate.
- Sourcing. Enterprise efforts undertaken in order to identify and list possible sources, internal and/or external, that are potentially capable to provide the specified organizational resources, as well as potential data sources who are able to provide relevant information on specific procurement.
- Source screening. (1) The evaluation or investigation of a source as part of a methodical survey, to assess suitability for a particular role or purpose; (2) Techniques used for source consideration, reviewing, analyzing, ranking, and selecting the best alternatives for the proposed action.
- Source settlement. An official agreement between an enterprise and its selected source intended to settle the acquisition.
