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Essay

Procurement

Essay specific features

 

Issue:

Business

 

Written by:

Alfred S

 

Date added:

October 16, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

23 / 6347

 

Was viewed:

7434 times

 

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Essay content:

It is important to ensure that customers’ expectations are being met to ensure best possible sales. This report explains in detail an approach to understanding the importance of procurement strategies and the importance of resource management. The report also describes and evaluates plans to improve procurement strategies and best practice...
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Depending on the size and importance of the procurement function within the business, it can involve the following steps: • Identifying a need • Specifying the requirements to fulfil the needs • Identifying potential suppliers • Ask, quote or tender for bids and proposals • Evaluating bids, quotes, tenders and proposals • Awarding contracts or purchase orders • Tracking progress and ensuring fulfilment • Taking delivery • Inspecting and inventorying the delivery • Paying the supplier Procurement is about the buying of goods or services at the best possible total cost for the business...
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