Procurement meaning evolves depending on the context one looks at, meaning, eprocurement takes a different shape from the typical procurement procedure involved in calling your suppliers or even using call-off and blanket ordering systems. Global procurement on the other hand will entail other aspects that may not be taken care of by simply clicking a button in eprocurement. Despite all these, procurement process can be looked at as:
All activities required in order to get the product from the supplier to its final destination. It encompasses the purchasing function, incoming inspection, and quality control and assurance, allowing companies to make decisions based on total cost of ownership (TCO), rather than price. (Van Weel, 2009)
In procurement process what often happens the moment you have decided on contract award is the emergence of purchase to pay cycle also known as P2P Cycle. This cycle in procurement procedure occurs in series of steps as follows.
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