RTP (Route To Prcourement)

Route to procurement (RTP) is a formal term used in business that outlines the process of acquiring goods and services. It includes requirements for analyzing potential suppliers, creating a plan of action for selection and negotiation, and ultimately signing a contract or purchase order. RTP is an organized, systematic approach to making sure all available options are researched and evaluated before selecting the right supplier. The goal is to ensure that all relevant criteria are taken into consideration when selecting the best possible partner to take the organization forward. By following RTP’s guidelines, organizations can minimize risk and maximize efficiency in their procurement processes.