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How We Buy
The FirstEnergy Supply Chain department uses a strategic sourcing model, which provides suppliers more information and research on how their products and/or services fit into the Company's overall strategies and goals.
We use a variety of purchasing methods to obtain necessary goods and services, including:
Standard RFP offerings
RFx
Straight bid
Reverse auctions
Negotiated agreements
Our criteria for purchasing a product or service may include:
Total Cost of Ownership (TCO) model
Value added
First cost
Safety
Environmental commitment
E-enabled business
In addition, we maintain a proactive Supplier Diversity Program as an extension of our corporate commitment to promote diversity at every level of our Company.
