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  1. 1. Conducting thorough market research prior to a procurement may:

  2. 2. A benefit to determining the vendor pool during market research includes:

  3. 3. When there is an immediate need for a product, gathering information through market research will always lead to a longer procurement lead time.

  4. 4. It is best to conduct market research on information technology goods and services regularly because it can become out-of-date after long or short periods of time.

  5. 5. These are commonly used to gather information, ideas, and perspective from the industry directly when developing project scope and requirements.

Back to: DIR Connect: Research Techniques and Considerations for Tech Related Solicitation (2022)