Dictionary of Procurement Terms

Dictionary of Procurement Terms

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  • Market Analysis

    The process of analyzing prices and trends in the competitive marketplace to compare product availability and set prices with market alternatives to establish the reasonableness of offered prices. (Business 2002) See also: Demand Analysis, Procurement Profile, Spend Analysis, Supplier Analysis, Supply Positioning.

    See Also: Demand Analysis, Procurement Profile, Spend Analysis, Supplier Analysis, Supply Positioning
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