Procurement Cycle

The basic procurement cycle includes the following:

  • Determination of requirements
  • Determination of the source of supply
  • Vendor selection
  • Purchase order processing
  • Purchase order monitoring
  • Goods receipt
  • Goods issues
  • Invoice verification
  • Payment processing

Organizations may also set a procurement process based on competitive procurement dollar amounts.

Find a case study that discusses procurement, and then discuss and analyze the procurement cycle.

Using the library, Internet, and your course materials, write a document of 4–5 pages that addresses the above tasks

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