Nowadays procurement has become on of the most popular services among the all business owner. It helps to distribute the product or services across the globe. It is very much effective to expand the business throughout the globe.
Orgnisation especially government have a protocol to invite business to undertake work, provide services or products to the said organisation. The role basically allows a team to screen invite and then undertake an assessement of the suppliers offer and based on the results offer a contract or not
find the methods of procurement
The Procurement cycle is the cyclical process of key steps when procuring goods or services.
private enforcement
Support the procurement
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).
There are several forms of procurement. Some of these include traditional procurement, design and build procurement, and management contacting procurement.
Procurement is very much important for a new business. Nowadays every new business starter looking for procurement services. It helps in many aspects. These are:Streamlining inventoryFinding lower costs on goods and servicesEnhancing qualityDeveloping vendor relationshipsOverseeing logisticsConducting thorough research
procurement
Challenges traditional 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.
Procurement documentation is a process which depends on the type of the contract that has been already selected. A procurement documentation contains following parameters: Invitation to tender letter, Instructions to bidders, Specification, Drawings, Bills of quantities and schedule of rates etc. Procurement documentation plays an important role because they serve as an audit trail of how the process was carried out.
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.
find the methods of procurement
procurement cards (p-cards)