Difference between revisions of "Procurement"
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The procurement process includes the preparation and processing of a demand and the end receipt and approval of payment. Comprehensively, this can involve purchase planning, standards, specifications determination, supplier research, selection, financing, price negotiation, and inventory control. | The procurement process includes the preparation and processing of a demand and the end receipt and approval of payment. Comprehensively, this can involve purchase planning, standards, specifications determination, supplier research, selection, financing, price negotiation, and inventory control. | ||
Revision as of 15:41, 26 September 2023
Definition
The procurement process includes the preparation and processing of a demand and the end receipt and approval of payment. Comprehensively, this can involve purchase planning, standards, specifications determination, supplier research, selection, financing, price negotiation, and inventory control.
