Procurement Management - The Process

Essay from the year 2011 in the subject Business economics - Business Management, Corporate Governance, grade: -, -, course: Procurement Management, language: English, abstract: Procurement plays an important role in a guaranteed and timely production of goods and services and is of utmost importance in successful completion of time-bound projects. This document discusses the fundamental processes involved in the procurement and outlines the prerequisites for successful implementation of the inputs, tools and techniques and outputs of the processes.