Procurement

Procurement is the act of obtain something through a process that start when the need is identify and the following stages to ensure the delivery of products or service.

Procurement stages:

1. Identify the need.
2. Set specifications, terms and conditions.
3. Reseach and evaluate potential suppliers.
4. Send a Request for a Quotation document.
5. Assesment responses and award contract.
6. Manage the contract (Supply happens here).