Rational Acquisition Model

Rational acquisition model (hereinafter, the Model) is a model that describes how enterprises may rationally behave in order to carry out best source valuation and maximize the outcomes from their acquisitions.

Stages

Source solicitation. Enterprise efforts undertaken in order to obtain information about possible sources and, possibly, their quotations, bids, offers, or proposals as appropriate.
Sourcing. Enterprise efforts undertaken in order to identify and list possible sources, internal and/or external, that are potentially capable to provide the specified organizational resources, as well as potential data sources who are able to provide relevant information on specific procurement.
Source screening. (1) The evaluation or investigation of a source as part of a methodical survey, to assess suitability for a particular role or purpose; (2) Techniques used for source consideration, reviewing, analyzing, ranking, and selecting the best alternatives for the proposed action.
Source settlement. An official agreement between an enterprise and its selected source intended to settle the acquisition.