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Right Requisition, Right RFQ, Right Quotation, Right PO, and Right Delivery & Invoice.
1. Need assesment
2. procurement planning
3. develop procurement startegy
4. proposal solitication
5. supplier evaluation and selection
6.negotiation and contract award
7. contract management
Step2: Specific Need
Step3: Source Options
Step4: Price and Terms
Step5: Purchase Order
Step6: Delivery
Step7: Expediting
Step8: Receipt and Inspection of Purchases
Step9: Invoice Approval and Payment
Step10: Record Maintenance
1. Prepare the quantity and specification of materials
2. Send it to two or three suppliers for quotation and speficified the date needed in the project
3. Secure samples of materials to suppliers with corresponding price and select the best offer
4. Award the Purchase Order to the best supplier selected and confirm the date of delivery conform to project schedule.
5. Check the delivered materials if complied to required specification before acceptance.
Understand the requirement, Sending RFQ to right supplier, Understanding quotations and its terms, Check and seek advice for techincal points, Confirm suppliers terms, select supplier as per end user and company requirements, Issue PO and followup for delivery upto end user, continous followup till payment.
Thank you boss
