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
- 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
- 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.