Procurement Service is dedicated to ensuring that all supplies, materials, equipment, and services are procured at the lowest possible cost – cost being defined as the optimum combination of price, quality, availability, and service.
Let’s review a procurement process in order to get the suggestions for improvement: Purchase Orders Review, Vendor Evaluation and Selection Review (choosing a vendor by its ability to supply the product in accordance with the company’s standards for quality, price and delivery, Internal Process Review (e. g. an evaluation of employee functions during the purchasing process), Findings and Suggestions (reporting).
Audit your existing procedures and their gaps. Choose a vendor by its ability to supply in accordance with the company’s standards for quality, price, and delivery.
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