Indirect procurement: The obtaining of goods and services that are required to meet the operational needs of a business but that are not directly involved in the production process is referred to as indirect procurement. Examples can include office equipment and supplies, furnishings, and services su...
Procurement has been a vital, transactional part of conducting business for almost as long as commerce has existed. Although the days of scribes tracking purchases on papyrus scrolls are long past, the process of carefully selecting and purchasing the goods and services needed for day-to-day ...
Procurement procedures are methods a company uses to acquire goods and services. Some of the most common procurement procedures...
Steps in the procurement process/cycleWhether you’re a procurement manager creating a process from scratch, or you feel that you need to reassess your existing procurement procedures, below are seven crucial steps in the procurement life cycle to pay attention to. ...
A business can be on both sides of the procurement process, as buyers or sellers. How Procurement Works Procurement can require a substantial portion of a company’s resources to manage. Procurement processes are typically dictated by company standards that are centralized by controls from accounts ...
Supply Chain Digital magazine explores 'Procurement' as part of a number of articles explaining the many different aspects of supply chain.
Direct procurement:This includes procuring anything that directly supports the production of the goods a company sells, including raw materials, components, parts, services, and wholesale items. These all have an impact upon revenue, growth, and reputation, so supplier relationships are crucial in dir...
What is procurement? It involves acquiring goods and services for a business, but it’s different from purchasing. Learn how to create your procurement process.
There are four main steps in the purchasing process: the determination of a need, bidding, the actual purchase, and evaluation...
procurement corruptionconsequentialist view of corruptiondeontologist view of corruptionCorruption as a societal bane has afflicted homes, families, societies, businesses, governments and nations for ages. Some have traced it to the days of Adam. USocial Science Electronic Publishing...