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Metro Finance presents procurement process; board asks how to widen vendor pool
Summary
Metro Finance explained centralized purchasing, the iSupplier registration system and a sole-source process; staff said the $25,000 threshold for centralized purchases will raise to $50,000 on Feb. 15, and trainings and outreach are available to prospective vendors.
Zach Kelly, special adviser for innovation and strategy in Metro Finance's Division of Purchases, and colleague Javal Watson briefed the board on Metro's centralized procurement system, iSupplier registration, and options for departments seeking more competitive bidding outcomes.
Kelly said Metro buys about $2 billion of goods and services annually on behalf of 51 departments and that purchases above $25,000 (rising to $50,000 on Feb. 15) come through the…
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