Difference between revisions of "Procurement"

Revision as of 20:35, 3 May 2022

Definition

Procurement refers to the initiation, design, development, acquisition, logistics of products and services for the organization.

Procurement generalizes further the management of the value network, also including strategic aspects, internal and external to the organization.

Organization

Procurement is a structured process. It may be centralized or decentralsed. Organisations typically have systems in place to ensure they are managing the process efficiently (e.g., obtain value for money).

Procurement Stages

Planning
- Pre-procurement activities
- Deciding on the Procurement Procedure
- Defining the subject of the contract (Subject Matter)
Competition
- Selection/exclusion of bidders. The EU 2014 Procurement Directives allow contracting authorities to both:
  - exclude companies from tendering for not meeting certain conditions (Exclusion Criteria); and
  - select the most suitable companies to bid based on technical ability and previous experience in relation to the subject matter of the contract (Procurement Selection Criteria).
Contract
Contract Management

@@ Line 20: / Line 20: @@
 ** [[Technical Specifications]]
 ** [[Award Criteria]]
-** Contract Management
+** [[Contract Performance Clauses]]
+* Contract Management
 [[Category:Supply Chain Finance]]
 [[Category:Procurement]]