Introduction to Material-Management

Jun 28th, 2015
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Abilene Christian University
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Top of FormBottom of FormHomeDefinition & ScopeOrganization of MMMaterial PlanningPurchase FunctionStores FunctionInventimited Tender Enquiry (LTE) What is LTE ? This mode of selecting vendor/s refers to inviting tenders from only a limited numbers of bidders. Since tendering is limited to only a few bidders it is presumed that the bidders are well known to the purchaser for their capability etc.LTEs are issued in such a way that sufficient competitive quotations are received from the bidders.Thus LTE is resorted to only when reliable bidders ( manufacturers/ suppliers/ traders/ contractors ) are known. For this purpose, the Purchasers maintains a list of 'approved' or registered vendors.Thus the selection of a vendor for LTE is done by the purchaser to ensure that :the firms are financially and technically sound the past performance of the firms with regard to quality ,price and adherence to time schedule has been acceptable the Supplier has successfully made the last supply How it is operated ?An LTE is also an Notice Inviting Tender (NIT) , limited only to a few bidders. Hence, all the documents that make an NIT ,such as description of requirement, associated terms and conditions , a fixed date and time for responding etc are sent , called tender enquiry, to the

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