Procurement Management

What is a Procurement Management Process?

A procurement management process involves a comprehensive procedure for purchasing of services or goods from external suppliers.

It involves:

• Identification of goods or services to procure.
• Complete Purchase Orders and issue to suppliers.
• Agree on delivery timeframes and methods.
• Reception of goods or services from suppliers.
• Reviewing and accepting the items procured.
• Approval of items and supplier payments.

It enables:

• The Review of supplier performance against contract.
• Identify and resolve supplier performance issues.

In essence, the procurement management helps you "get what you have paid for".