Why is it important to review the market for new suppliers, or options, to fulfill a procurement need?

1. Why is it important to review the market for new suppliers, or options, to fulfill a procurement need?
2. What role does legal and regulatory compliance play in procurement?
3. What criteria are used to evaluate bids? How are these criteria defined?

Discussion question responses should be at least 200-300 words, referenced, and submitted by Thursday midnight. Reference the Required/Recommended reading materials or provide reference to a CSU-Global Library article of your choice.