Procurement and Contracting
Imagine you are a bottled water vendor located in Arizona. Your clients include for-profit businesses and nonprofit organizations, but you’re considering whether to narrow your market to one or the other type of client.
Write a paper of approximately 900 words that compares the procurement processes in private versus public sectors. In your comparison, answer the following questions from the perspective of a bottled water vendor.
1. What are the major similarities and differences between private sector procurement and public sector purchasing?
2. What could you change in either process, and why? How could public sector procurement staff improve the procurement process by using best practices from the public sector, and vice versa.
3. After your analysis, would you like to narrow your market to for-profit or nonprofit? Explain.
Include a minimum of 3 resources/references in your comparison.