What is the Sequence of the Five-step Procurement Process?

Do you know what procurement is? It is the process of determining the goods and buying them. At first glance, this may seem to be a simple process, but it is not. Just like most business functions, procurement is a layered process with multiple stages. 

The series of steps taken by an organization to acquire the products and services it needs for its business goals are combinedly called the procurement process. This article will outline the five crucial steps of this process. Continue reading!

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