With innovation at our core, Tracker is an early adopter of highlighting Dynamic Purchasing System (DPS) opportunities for suppliers. But what is a Dynamic Purchasing System exactly?
A Dynamic Purchasing System is a fully electronic system used by contracting authorities — public sector buyers — to acquire regularly used goods, works, or services from a database of eligible suppliers.
Dynamic Purchasing Systems work in a similar way to traditional framework agreements, but unlike a framework agreement, a DPS is always open for suppliers to join (or leave) as they wish. The ultimate function of a DPS is to enable buyers to purchase goods and services faster and more efficiently by providing them with straightforward and flexible access to a bank of suitable suppliers.
For suppliers who meet the specific requirements, a DPS is a cost-effective procurement approach that enables them to easily access public sector contracts from public bodies through a completely electronic process.
A Dynamic Purchasing System benefits organisations of all sizes, but smaller businesses, medium-sized enterprises, and those newer to the market stand to gain the most.
With Tracker, your business can access Dynamic Purchasing System opportunities and tendering intelligence that can help you win valuable DPS contracts and make better business decisions.
These are just some of the ways Tracker can benefit your business:
Features & Benefits
Say goodbye to hours of scrolling through Crown Commercial Service and other portals like Contracts Finder in the search for relevant open DPS tender opportunities.
A DPS can benefit both buyers and suppliers. On one hand, it allows the public sector organisations (the buyer) to procure goods with fewer limitations in terms of time and resources. On the other, new businesses (or suppliers) can join at any time, allowing them greater access to public sector opportunities.
This is how the DPS procurement process is beneficial within the world of public procurement:
A Dynamic Purchasing System is open to pre-qualified suppliers throughout its duration and to new suppliers that meet the selection criteria and want to expand into the public sector market.
This means that even if a supplier didn’t match the selection criteria during the initial procurement process, they can re-apply when they do meet the requirements. There is no limit on the number of suppliers that can join a dynamic purchasing system.
A Dynamic Purchasing System (DPS) allows public sector organisations to open up tenders to smaller local suppliers and new entrants to the market. These suppliers can choose either to join a project or skip it depending on whether the DPS contract is within their scope.
Just-in-time purchasing allows the public sector organisation to quickly and easily add procurement documents and update the terms of contracts, which means bidding processes can be completed and goods and services delivered within days. This wastes less money and allows appropriate suppliers to deliver their services more efficiently.
Ready to get your share of the DPS marketplace?
With Tracker, all the latest DPS tenders and contract opportunities are at your fingertips.
Tracker’s tender tools and services provide businesses with the tendering intelligence and insights they need to access more dynamic purchasing system opportunities and stay one step ahead of the competition.
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