The Procurement cycle is the cyclical process of key steps when procuring goods or services.
find the methods of procurement
Efficiency in procurement is realized when one works on: 1. quality identification; if possible by preparing own clear , precise and easy technical specification/ Terms of Reference or using standards 2. Life Cycle costing; ie,what will be the cost of the goods while using 3. Analyze and include the whole process of procurement in the plan 4. Post contract evaluation as there is no best and final solution for efficient process
private enforcement
foodgrains procurement by the government serves the dual purpose of providing support prices to the farmers and of building up public stocks of food grains. procurement operations are carried out by the Food Corporation of India and the state agencies designated by State Government Procurement prices are bsed on support prices recommended by CACP (Commission for Agriculture Costs and Prices).
Private sector procurement is usually controlled by the head of the company or a department they have established. Usually, the person needing a supply just asks for permission to buy it. Public sector procurement is governed by lawmakers and often bids have to be taken.
The factors that influence the procurement quality include time, project life cycle and expedited project delivery.
international procurement and national procurement
Challenges traditional procurement
procurement
Compare and contrast the two basic procurement strategies of corporate procurement and project procurement
A procurement department is a kind of a department which handles all the activities related to procurement, like procurement services, procurement strategy, supply chain management etc.
1. A traditional procurement process is a collection of many processes by interacting with other departments of a company or with the supplier. Whereas e-procurement means electronic procurement or online procurement. 2. Traditional procurement can be done by face-to-face, or via telephone. E- Procurement can only be done through online. 3. Traditional procurement is costly E-Procurement is cost effective.
Roles of procurement
Manual Procurement is a process of providing the guidance om procurement steps and policies to all the people in the different stages of procurement actions.
procurement cards (p-cards)
find the methods of procurement
Procurement performance is an activity or an integral component of integral procurement management. It involves in describing key indicators, methods, and processes that are necessary for measuring the procurement success.