Procurement

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 and price negotiation.

Different types of procurement

Less than RM 5,000
1) Direct Purchase

More than RM 5,000
2) Waiver of Tender
3) Jawatankuasa Perolehan Terus (JPT)
4) Tender
5) Quotation