Evaluate the Procurement Process
The basic procurement cycle includes the following:
· Determination of requirements
· Determination of the source of supply
· Vendor selection
· Purchase order processing
· Purchase order monitoring
· Goods receipt
· Goods issues
· Invoice verification
· Payment processing
Organizations may also set a procurement process based on competitive procurement dollar amounts. Find a case study that discusses procurement, and then discuss and analyze the procurement cycle.
The basic procurement cycle includes the following:
· Determination of requirements
· Determination of the source of supply
· Vendor selection
· Purchase order processing
· Purchase order monitoring
· Goods receipt
· Goods issues
· Invoice verification
· Payment processing
Organizations may also set a procurement process based on competitive procurement dollar amounts. Find a case study that discusses procurement, and then discuss and analyze the procurement cycle.
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