Procurement is the purchase of goods or merchandise by a business, association, organization, or an individual. This simply means buying supplies from suppliers at the lowest possible price. The best way of doing this is to let the suppliers contend with each other so that the investment costs of the buyer are kept at a minimum.
Procurement more often than not involves a bidding process in which the bidders or vendors quote their prices and the purchasers agree to the lowest possible bid. This is the most proficient and gainful manner of obtaining supplies or services if the quality of the goods meets the buyers' conditions.
The procedure of procurement usually commences when the purchaser starts to look for bidders in the market. After discovering the suppliers, a request is made for bids, proposals, quotes, and information. However, direct contact with bidders can also be made as an alternative for advertising all the above requests.
After choosing the suitable bidders, a quality check is necessary to verify the quality of the goods. The next step would be negotiation of the terms, conditions, and delivery schedules. Logistics and fees are the next two most important processes that decide the safe delivery and the payoff of the goods.
The procurement process can be divided into two parts, namely indirect procurement and direct procurement. Indirect procurement is that which deals with operational goods and direct procurement deals with the acquisition of goods that are considered raw material for the company's manufacturing process.
The procurement procedure can differ depending on the merchandise and the uses of the product. Equipment needed for healthcare and other important industries need to be efficient and dependable and the procurement process is carried out carefully in order to shun the purchase of defective apparatus. Another important factor that usually influences the procurement procedure is the quantity in which the product is bought.
The procedure for acquiring goods may differ according to the product, price, availability, and market trends.
Procurement provides detailed information on Procurement, Procurement Software, E Procurement Solutions, Procurement Management and more. Procurement is affiliated with India Offshore Outsourcing.
Related : ดูหนัง hdtv review vehicle bike rack work loan
ไม่มีความคิดเห็น:
แสดงความคิดเห็น