LO Strategic Sourcing and Bid Types

MAGIC Logistics (LO)

LO Strategic Sourcing and Bid Types

Strategic sourcing is a procurement process that continuously improves and re-evaluates the purchasing activities of the State. MAGIC utilizes the Supplier Relationship Management (SRM) module to accomplish Strategic Sourcing.

Competitive procurements, such as Invitation for Bids (IFBD) and Requests for Proposals (RFPR), are called RFxs. MAGIC allows agencies to create and post RFxs, receive supplier responses, and award procurement opportunities electronically. 

 

Bid Types

MAGIC offers a variety of bid types to accommodate different business processes:

  

IFBD – Invitation for Bid

LOCG – Letter of Configuration

MSDA – MDA RFx

NBID - Negotiated Bid

NEGC – Negotiated Contract

OVAR – Oversight Approval Request

OVEX – Oversight Exempt

PREQ – Procurement Request

RFIN – Request for Information

RFPR – Request for Proposal

RFQF – Request for Quote Formal

RFQI – Request for Quote Informal