What is a key component that should be included in product specifications?

A key component that should be included in product specifications is a detailed description of what is required. This description serves as the foundation for understanding the product being procured; it outlines the specific attributes, features, and requirements that define the product. Clear and comprehensive specifications ensure that all stakeholders have a common understanding of what is expected, thereby reducing the risk of miscommunication and enhancing the likelihood that the delivered product meets organizational needs.

Including a precise description in product specifications helps in multiple areas of the procurement process. It assists suppliers in preparing accurate bids, helps in evaluating offers based on the requirements, and facilitates quality assurance checks upon delivery. A well-defined specification is essential for driving successful procurement outcomes and ensuring that the end-user's expectations are met or exceeded.