What is it about?
A supply chain approach
The Best Value approach has long been known as a procurement system: the vendor who demonstrates to be the expert, ‘wins’ the contract. Fortunately, more and more organizations are becoming aware that Best Value is about improving performance throughout the supply chain: it is a supply chain approach!
How to run Best Value in a simple way:
Enable smart people to apply their expertise.
Plan projects from beginning to end, identifying and controlling potential risk and risk mitigation.
Track performance and deviations in projects and apply that information to improve performance.