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To procure is to keep/secure that which is being purcuased for future use by an entity.
Answer 2- The act of obtaining or buying goods and services.
- The process includes preparation and processing of a demand as well as the end receipt and approval of payment.
- It often involves:
- purchase planning,
- standards determination,
- specifications development,
- supplier research and selection,
- value analysis,
- financing,
- price negotiation,
- making the purchase,
- supply contract administration,
- inventory control and stores, and
- disposals and other related functions.
- The process of procurement is often part of company's strategy because the ability to purchase certain materials will determine if operations will continue.
What else can I help you with?
What is aging analysis in inventory control management?
It is very Import Procces, Used in the Indutrial Level for Controlled on Procurment & Consumption of Material.
What is involved in the procurment process?
Procurement is the acquisition of good, services or works from an external source. It involves identification of need, supplier identification, communication, negotiation, liasion, and logistics management.
What is the job of procurment officer?
A procurement officer has a range of responsibilities, including: preparing and managing requests for proposals, reviewing large value purchase orders, working with clients, and reviewing the bidding process.
What is nurse poaching?
Nurse poaching is the unethical procurment of nurses(by more affluent and powerful nations using enticing methods) from countries which desparately need their health care staff. This depletion of resources places health of the public at a severe disadvantage. hense the term poaching...taking without permission".
Can I be Sales and Procurment manager at the same time If yes what my position title?
Yes, you can hold both roles simultaneously, especially in smaller organizations where employees often wear multiple hats. A suitable position title could be "Sales and Procurement Manager" or "Sales and Procurement Director." This title reflects your dual responsibilities in managing both sales strategies and procurement processes effectively. However, ensure that the workload is manageable and that you have the necessary resources and support.
What is the importance of material management generally?
Material Management is all about purchashing mix. It involves the the procurment of material of in store and and the ability to know the total number of available goods that are to be issued out on request. All the functions are primarily carried out by the store manager whose mission is to ensure that goods are not below average as to satisfy the demands of customers. The primary and general importance of material management is to ensure that he/she streamlined the issues/demand/sales of the company as to enable him/her to be aware of when the management is short goods and will not go to the extemt of making use of their buffer stock.
How will staffing help an organisation to achieve it goals?
Staffing is planning of manpower resources which includes their procurment,recruitment,selection,training and development,promotion or performance appraisel,compensation,and retirement. As manpower resource is very essential for the working of a business concern so their proper management is also require for the smooth working environment. Now a days, every company treat human resource as its asset because without them company cannot run so they invest on them by proper investments on them like training ,hassle free working environment and other facilities which motivates the employees to perform their job with enthusiasm and zeal which helps the organization to achieve the desired goals.
