Stages of Procurement Service

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The main aim of procurement service is to get good quality low cost products..This PDF is made by http://www.dragonsourcing.com/ focussing on the various stages of procurement service.

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Stages of Procurement Service

  1. 1. Stages of Procurement Process
  2. 2. What is Procurement ?  Procurement involves buying of goods and services from well developed countries.  Sourcing is very important in the modern trade and commerce.  It helps to reduce the operational cost.  This service has various stages.  This service is best managed by a procurement service provider.
  3. 3. Stages of Procurement Service The part of the procurement that we are concerned with is sourcing. Global sourcing is very important in the modern trade and commerce. It help to cut the operational cost. Now the procurement service has various stages.  Requirement Analysis .  Market Research.  Supplier Management
  4. 4. Requirement Analysis  Requirement determination is the main aim of this stage.  A judgment is also made whether procurement is the best solution or not.  External consultation is also undertaken whenever required.  The other activities include consideration of category management plan.
  5. 5. Market Research  In this stage identification of products and suppliers are made.  Huge amount of effort is to be put in the market research.  Extensive market research is required for larger procurement activities.
  6. 6. Supplier Management  Always try to identify new suppliers.  Suppliers can widen the procured products market.  Most of the organizations hire suppliers from the developing countries.  So procurement service provider helps you a lot.
  7. 7. Contact Us

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