The main aim of procurement service is to get good quality low cost products..This PDF is made by http://www.dragonsourcing.com/ focussing on the various stages of procurement service.

1. Stages of Procurement Process

2. What is Procurement ?
 Procurement involves buying of goods and services
from well developed countries.
 Sourcing is very important in the modern trade and
commerce.
 It helps to reduce the operational cost.
 This service has various stages.
 This service is best managed by a procurement
service provider.

3. Stages of Procurement Service
The part of the procurement that we are concerned with is
sourcing. Global sourcing is very important in the modern
trade and commerce. It help to cut the operational cost.
Now the procurement service has various stages.
 Requirement Analysis .
 Market Research.
 Supplier Management

4. Requirement Analysis
 Requirement determination is the main aim of
this stage.
 A judgment is also made whether procurement
is the best solution or not.
 External consultation is also undertaken
whenever required.
 The other activities include consideration of
category management plan.

5. Market Research
 In this stage identification of products and
suppliers are made.
 Huge amount of effort is to be put in the
market research.
 Extensive market research is required for
larger procurement activities.

6. Supplier Management
 Always try to identify new suppliers.
 Suppliers can widen the procured products market.
 Most of the organizations hire suppliers from the
developing countries.
 So procurement service provider helps you a lot.

7. Contact Us