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What are Dynamic Purchasing Systems (DPS)?
A dynamic purchasing system, otherwise known as DPS, is an electric system in which suppliers are pre-qualified to give buyers easy access to accurate and available lists for public procurement. The tool is used to purchase goods, works, and services readily on the market.
What are the benefits of Dynamic Purchasing Systems?
Access to pre-qualified suppliers benefits the buyer by streamlining the procurement process. Suppliers don’t have to repeatedly demonstrate their suitability or capability each time they compete for a public sector contract, which saves time and resources for both parties. This system also enhances accessibility and visibility for small to medium enterprises (SMEs), making it easier for them to participate. The procurement process becomes faster and more efficient, and it is more accessible for suppliers compared to the traditional framework for winning tenders.
