Requirements of shopping
Let us now look at the requirements for shopping:
- The value of the work or goods should be of a lesser value and the nature of business should be urgent. You can also consider this as a parameter to adopt shopping.
- Material or goods which are readily available. (The materials are readily available in the market or within your organisation).
- A competitive market is present. You can also consider this as a parameter to adopt shopping as this gives you an edge on price.
- Pre-selected list of qualified contractors and suppliers are prepared for different categories of works/goods.