Process of Procurement Service

1
Procurement and its Process
By http//www.dragonsourcing.com/
2
What is Procurement?
Procurement involves buying of goods and
services from external sources. Sourcing, an
important part of it, has many stages, which are
better taken care of by a procurement service
provider.
3
Requirement Analysis
The main aim of this stage is to determine the
requirement and whether procurement is the best
solution. It involves undertaking internal
consultation for the purpose of agreeing on
various business requirements and procurement
objectives that need to be met however, external
consultation can also be undertaken where
required.
4
Market Research
This is meant to identify relevant products and
suppliers that could meet the requirement of a
company. It is the requirement of an organization
that determines the amount of effort that is to
be put in, in the market research.
5
Contact Us
6
Thank You