What are the steps that procurement life cycle in modern businesses consists of?

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Product Life Cycle, Project Life Cycle, Project Management Life Cycle?
Posted by:
hassan shalaby
16-December-2016

Question added by Fida Abo Alrob , Sr. Copywriter , Imena Digital
Date Posted: 2014/04/02

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1 Answers

Abdul Samad Nadeem Malik

by Abdul Samad Nadeem Malik , Business Support Officer , Thimar Al Jazirah - 3M ESPE

Following a proven step-by-step technique will help management successfully achieve its goals.

Need Recognition
Specific Need
Source Options
Price and Terms
Purchase Order
Delivery
Expediting
Receipt and Inspection of Purchases
Invoice Approval and Payment
Record Maintenance

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