Term of Day
Uh oh! You're not
Term of Day
+ Create New Flashcard
Series of steps that must take place to
line or to
. Identifying the items that must be procured and determining the necessary quantities is the first step. This
is used to generate a
which is sent to the purchasing
. The assigned
requests bids and awards the
. When the ordered items arrive, they are entered into the
. The parameters for a procurement cycle may be set by a known
or vary based on
or other factors.
fourth party lo...
stock keeping u...
supply chain ma...
You Also Might Like...
The 10 Steps of the Procurement Cycle
Management in any company must understand the art of obtaining products and services. The procurement cycle follows specific steps for identifying a requirement or need of the company through the final step of the award of the product or contract. ...
Business Development vs. Sales
Business development and sales are two important aspects of the selling life cycle and while it can be easy to focus on one over the other neither should be neglected. This article will explain both aspects of the sales cycle and provide a clear ...
How to Make Money in Real Estate
People make money in real estate in various ways depending on what their interests and skills are that can help add value to a real estate purchase. Many methods of making money in the property market have proven successful, although some are more ...
Marketing vs. Sales
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: