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"competitive process" is a correct and usable phrase in written English.
It can be used to refer to various processes where multiple parties compete against each other such as a job hiring process, a bidding process, or a scholarship contest. For example, "The competitive process for the scholarship was intense with hundreds of applicants vying for the award."
Exact(60)
"Politics is a very competitive process.
Enterprise zones, however, were bid for through a competitive process.
That has made a competitive process even more so.
Because I view it as a highly competitive process.
This is a very interesting and competitive process.
"This deal concludes what has been a very competitive process, with several highly credible bidders.
The selection of a PBM will be subject to a competitive process.
This included the authorisation of multiple grants outside of the normal competitive process.
(A Port Authority spokeswoman told the Journal that Legends had been selected in a competitive process).
Steven Broomhead, chair of Skelmersdale's governors, insists there was "a competitive process".
"Even the department has admitted that they'd never put people through the blanket competitive process again.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com