Documente Academic
Documente Profesional
Documente Cultură
CONTENTS
Procurement System Importance of Procurement function Procurement Process
Expression of Interest. Selection of vendors Request for Proposal Follow up Payment Warranty
Conclusion
PROCUREMENT SYSTEM
Procurement System refers to collection of
procedures and methods used in an organization for Purchase of Goods and Services required by it. There are two types of Procurement Systems namely:
Traditional Procurement System E-Procurement System
IMPORTANCE
Save cost on holding inventories. Minimizes chance of fraud. Evaluate the supplier. Set the quality standard. Faster processing of order.
PROCUREMENT PROCESS
Expression of Interest Selection of vendors Request for proposals Awarding contract Follow up Payment Warranty
EXPRESSION OF INTEREST
Project background Supplier response time Timetable of choosing a supplier Requirements Deadline
SELECTION OF VENDORS
Supplier must be registered with Sales Tax department. Has been engaged is the same activity for the last 3 years. Has previous experience of providing the same service to a reputed company. Has a financially sound background.
AWARDING CONTRACT
Lowest bidder. Experience Quality Resources
FOLLOW UP
Samples to be examined. Negotiation over
Renewal
PAYMENT
30 days credit period. Installments.
WARRANTY
Replacement warranty. 1 year parts and service warranty on office equipment and machinery. Settlement of claims. Round the clock support in case of any problem.
CONCULSION