Kindly Highlight the following Details: 1. Describe the steps of the procurement process flow of any manufacturing or Retail company. 2. Identify the problems which they are currently facing in the procurement process 3. Prepare a Quotation list for the procurement items.
Kindly Answer these questions As soon as possible ..thankyou
Hi! Thanks for the question. As per our Bartleby guidelines, we are supposed to answer only three sub-parts. As you have not mentioned three numbers, I am providing answers to the first three sub-parts. Please post separate questions for the next sub-parts.
The procurement process initially appears to be a dream for those of us who enjoy shopping because it appears to be nothing more than using someone else's money to go shopping. In general, that is accurate, but procurement is considerably more complicated than that. In reality, it is so complex that the procurement process flow, a method of streamlining, is required.
Making a visual representation of your procurement process can help all stakeholders understand the various moving components involved in making purchases as well as spot potential problems and obstacles.
Although the entire procurement management system can be challenging, we can assist. To ensure that everyone in your organization is aware of the established procedure, we'll clarify what the procurement process entails and assist you in creating your procurement process flow. A generally intricate system can be made simple and effective with the aid of visualization.
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