ALERT

[FREE DEMO] Deploy Your Enterprise Cloud in Minutes

Sole Source Procurement

Definition - What does Sole Source Procurement mean?

Sole source procurement is the process of procuring IT solutions and services from a sole and specialized vendor. It is the non-competitive selection of a sole vendor for an IT product or service.

Sole source procurement is also known as sole sourcing or direct sourcing.

Techopedia explains Sole Source Procurement

Sole source procurement is the purchase of an IT solution from the only existing solution vendor. Typically, the sole vendor or sole source is the manufacturer or developer of the purchased solution. Single sole procurement helps a sourcing organization directly buy and deploy a solution from the sole vendor, eliminating third-party vendors, integrators or distributors.

The procurement process does not require pre-bidding or pre-selection, as the vendor is the sole source of that product/service. Moreover, the maintenance, upgrade and after sales support of the product/service is managed by the sole vendor/source.

Techopedia Deals

Connect with us

Techopedia on Linkedin
Techopedia on Linkedin
Tweat cdn.techopedia.com
"Techopedia" on Twitter


'@Techopedia'
Sign up for Techopedia's Free Newsletter!

Email Newsletter

Join thousands of others with our weekly newsletter

Resources
The 4th Era of IT Infrastructure: Superconverged Systems
The 4th Era of IT Infrastructure: Superconverged Systems:
Learn the benefits and limitations of the 3 generations of IT infrastructure – siloed, converged and hyperconverged – and discover how the 4th...
Approaches and Benefits of Network Virtualization
Approaches and Benefits of Network Virtualization:
Businesses today aspire to achieve a software-defined datacenter (SDDC) to enhance business agility and reduce operational complexity. However, the...
Free E-Book: Public Cloud Guide
Free E-Book: Public Cloud Guide:
This white paper is for leaders of Operations, Engineering, or Infrastructure teams who are creating or executing an IT roadmap.
Free Tool: Virtual Health Monitor
Free Tool: Virtual Health Monitor:
Virtual Health Monitor is a free virtualization monitoring and reporting tool for VMware, Hyper-V, RHEV, and XenServer environments.
Free 30 Day Trial – Turbonomic
Free 30 Day Trial – Turbonomic:
Turbonomic delivers an autonomic platform where virtual and cloud environments self-manage in real-time to assure application performance.