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FAQs
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What are the steps in the procurement process?
Step 1: Need Recognition. ... Step 2: Specific Need. ... Step 3: Source Options. ... Step 4: Price and Terms. ... Step 5: Purchase Order. ... Step 6: Delivery. ... Step 7: Expediting. ... Step 8: Receipt and Inspection of Purchases.
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What are the 4 main processes of project procurement management?
Project management for procurement is usually divided into four major processes: planning, selection, administering and closing procurements. The first part, planning, involves the creation of the official procurement management plan.
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What is procurement process in project management?
Project procurement management is the creation of relationships with outside vendors and suppliers for goods and services needed to complete a project. This process is comprised of five steps, including initiating and planning, selecting, contract writing, monitoring, and closing and completing.
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What is procurement cycle?
Procurement cycle is the series of steps that are taken to purchase any product a business might require. ... But this whole process(Procurement cycle) has many stages involved in it from Identifying a product to the Payment settlement.
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What is sourcing in procurement cycle?
A sourcing or tender process is used to select the best product or service for a certain category of expenditure. ... When selecting suppliers through a tender or sourcing process, the buyer works in collaboration with internal customers or budget holders.
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What are the 7 core principles of public procurement?
Transparency, integrity, economy, openness, fairness, competition and accountability are some of the fundamental principles of public procurement. They are briefly discussed below.
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What are procurement requirements?
What Are Procurement Requirements? Procurement requirements refer to the goods and services that must be acquired from organizations outside the performing organization. For a variety of reasons, sometimes performing organizations rely on vendors to provide what's needed to complete a project.
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What is procurement threshold?
Contracts for Goods and Services Procurement thresholds apply to the aggregate (total) value of all requirements for the purchase, lease, rental or hire of goods and services of a similar type. ... the total value of goods and services purchased during the last financial year; or.
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What are the steps in the procurement process?
Step 1: Need Recognition. ... Step 2: Specific Need. ... Step 3: Source Options. ... Step 4: Price and Terms. ... Step 5: Purchase Order. ... Step 6: Delivery. ... Step 7: Expediting. ... Step 8: Receipt and Inspection of Purchases.
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What are the 4 main processes of project procurement management?
Project management for procurement is usually divided into four major processes: planning, selection, administering and closing procurements. The first part, planning, involves the creation of the official procurement management plan.
-
What is procurement process in project management?
Project procurement management is the creation of relationships with outside vendors and suppliers for goods and services needed to complete a project. This process is comprised of five steps, including initiating and planning, selecting, contract writing, monitoring, and closing and completing.
-
What is procurement cycle?
Procurement cycle is the series of steps that are taken to purchase any product a business might require. ... But this whole process(Procurement cycle) has many stages involved in it from Identifying a product to the Payment settlement.
-
What is sourcing in procurement cycle?
A sourcing or tender process is used to select the best product or service for a certain category of expenditure. ... When selecting suppliers through a tender or sourcing process, the buyer works in collaboration with internal customers or budget holders.
-
What are the 7 core principles of public procurement?
Transparency, integrity, economy, openness, fairness, competition and accountability are some of the fundamental principles of public procurement. They are briefly discussed below.
-
What are procurement requirements?
What Are Procurement Requirements? Procurement requirements refer to the goods and services that must be acquired from organizations outside the performing organization. For a variety of reasons, sometimes performing organizations rely on vendors to provide what's needed to complete a project.
-
What is procurement threshold?
Contracts for Goods and Services Procurement thresholds apply to the aggregate (total) value of all requirements for the purchase, lease, rental or hire of goods and services of a similar type. ... the total value of goods and services purchased during the last financial year; or.
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How should I get a license to start a meat shop (goat and chicken) in Hyderabad?
A Meat Shop is regulated by the Municipal Corporation Act of that state and the Prevention of Food Adulteration Act 1954.Whereas, the regulations with respect to the timings of the shop is established in the Shops and Establishments Act of the respective states.Procedures to follow :An application for a trade license can be made either at a Citizen’s service Bureaus (CSB) or through the internet.In the case of the application is filed through internet- the applicant can submit the necessary documents at any of the CSB’s after marking the document with the distinct recognition number allotted to his application on the internet.For getting a new Trade License from the nearest CSB- An application form is to be submitted at the CSB which is available at the at the CSB for Rs.25/-You can also download a form available on our web site and use it for this purpose.After submitting the application with the necessary documents, the operator will feed in your details to the computer.Processing fees will have to be paid- subsequent to which a G8 receipt shall be given. This G8 receipt will contain the unique “Registration number” which must be memorized and quoted for further processing.Subsequent to this, a License Inspector will visit the site for inspection. Once the inspection and approval is complete, an email will be sent notifying the entrepreneur of the same.Now the CSB must be approached again and provide them with the “Registration number “. The operator will search for your details in the database using this number.If the details are present, the operator will print the Health Trade License and cut a G8 receipt.Pay the license fees and processing charges to the operator. The Municipal Corporation officials will then sign the Trade license.Documents required:Copy of sanction plan/ completion certificate / structure safety certificate from registered architect,Site Plan,Key Plan,Water connection and sewer connection,Indemnity Bond for Rs.100/-Affidavit for Rs.10/7. Copy of partnership deed if any.Departments Involved:The departments involved are public heath, Veterinary services and ADC (HQ).License Fees:An amount of Rs.500/- per application will be collected as processing charges and Rs.300/- will be charged as the license fees.In regard to the fees for license processing, Rs.250/- will be collected as the Processing at the time of acceptance of the application form- for the issue of a New License.Processing Of Meat Shop LicenseThe time prescribed in law for procuring a Meat Shop license(each) is 30 days at the Zonal level and at head quarters level, the stipulated time is for the grant of license is 45 days.Cancellation Of Meat Shop LicenseThe commissioner may at any time cancel or suspend any license granted if he is of the opinion that the premises covered thereby are not kept in conformity with the conditions of such license or with the provisions of any bye-law made in this behalf, whether the license is prosecuted under this Act or not.Hope this may help you..
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What are the most well-paying jobs in the United States?
According to the U.S. Bureau of Labor Statistics (BLS) published its list of National Occupational Employment and Wage Estimates in March 2019, based on data from May 2018, the most recent figures.1. Anesthesiologists2019 report mean annual wage:$267,0202018 report mean annual wage: $265,990The BLS defines anesthesiologists as, "Physicians who administer anesthetics prior to, during, or after surgery, or other medical procedures." Anesthesiologists were ranked first the previous year as well. There are approximately 31,000 anesthesiologists in the U.S., per the most recent data.Following four years of medical school, would-be anesthesiologists in the U.S. typically complete a four-year residency in that specialization, and possibly, even more, depending on the sub-specialty.2. Surgeons2019 report mean annual wage: $255,1102018 report mean annual wage: $251,890The BLS defines this category as "Physicians who treat diseases, injuries, and deformities by invasive, minimally-invasive, or non-invasive surgical methods, such as using instruments, appliances, or by manual manipulation." There are approximately 34,390 surgeons in the U.S., according to the most recent BLS data.3. Oral and Maxillofacial Surgeons2019 report mean annual wage: $242,3702018 report mean annual wage: $242,740Somewhat different from dentists, oral surgeons perform procedures such as wisdom tooth extraction, and maxillofacial surgeons perform procedures around the jaw and the face around the jaw. The latter can include aesthetic procedures. According to the Labor Department-affiliated job database O*NET, this is what a maxillofacial surgeon is responsible for:Administer general and local anesthetics,Collaborate with other professionals, such as restorative dentists and orthodontists, to plan treatment.Evaluate the position of the wisdom teeth to determine whether problems exist currently or might occur in the future.Perform surgery to prepare the mouth for dental implants, and to aid in the regeneration of deficient bone and gum tissues.Remove tumors and other abnormal growths of the oral and facial regions, using surgical instruments.Treat infections of the oral cavity, salivary glands, jaws, and neck.Remove impacted, damaged, and non-restorable teeth.Provide emergency treatment of facial injuries including facial lacerations, intra-oral lacerations, and fractured facial bones.Treat problems affecting the oral mucosa, such as mouth ulcers and infections.Restore form and function by moving skin, bone, nerves, and other tissues from other parts of the body to reconstruct the jaws and face.Perform surgery on the mouth and jaws to treat conditions, such as cleft lip and palate and jaw growth problems.4. Ob/Gyn2019 report mean annual wage: $238,3202018 report mean annual wage: $235,240Obstetricians and Gynecologists, the doctors specializing in female reproductive health and childbirth, makes slightly below the annual wages listed for Oral and Maxillofacial Surgeons.5. Orthodontists2019 report mean annual wage: $225,7602018 report mean annual wage: $229,380Orthodontists specialize in braces and other corrective measures for the teeth. There are about 5,380 orthodontists in the U.S., according to the BLS.6. Psychiatrists2019 report mean annual wage: $220,3802018 report mean annual wage: $216,090Psychiatrists, a specialty falling under the M.D. category (as opposed to psychologists), got a signNow salary bump; inflation rose 6.6% between the years from which the data is taken, whereas the salary went up over 33%.7. Physicians and Surgeons2019 report mean annual wage: $203,8802018 report mean annual wage: $214,700This includes the broad category comprising physicians and surgeons. Per the BLS, employment in this field is projected to grow 13% from 2016 to 2026, "due to increased demand for healthcare services by the growing and aging population."8. Family and General Practitioners2019 report mean annual wage: $211,7802018 report mean annual wage: $208,560The BLS defines this category as, "Physicians who diagnose, treat, and help prevent diseases and injuries that commonly occur in the general population. May refer patients to specialists when needed for further diagnosis or treatment."9. Internists, General2019 report mean annual wage: $196,4902018 report mean annual wage: $198,370The BLS defines an internist as, "Physicians who diagnose and provide non-surgical treatment of diseases and injuries of internal organ systems. Provide care mainly for adults who have a wide range of problems associated with the internal organs." This group's salaries went down from the 2018 report by a little over $2,000.10. Prosthodontists2019 report mean annual wage: $191,4002018 report mean annual wage: $196,050According to the BLS, prosthodontists "construct oral prostheses to replace missing teeth and other oral structures to correct natural and acquired deformation of mouth and jaws, to restore and maintain oral function, such as chewing and speaking, and to improve appearance." There are only about 380 prosthodontists in the U.S., this number declined from the 2018 report, as did the reported mean annual wage.11. Chief Executives2019 report mean annual wage: $200,0002018 report mean annual wage: $196,960Chief executives are the highest-paid professions not related to the medical or dental fields. The five states with the highest CEO salaries might surprise you: Texas ranks first, and South Dakota ranks second. New York isn't on the list. Neither is California. (Related: The Highest Paid CEOs)12. Pediatricians, General2019 report mean annual wage: $183,2402018 report mean annual wage: $180,01013. Dentists2019 report mean annual wage: $175,8402018 report mean annual wage: $187,540The growth outlook for dentists is tremendous. According to the BLS, overall employment of dentists is projected to grow 19% from 2016 to 2026.14. Nurse Anesthetists2019 report mean annual wage: $174,7902018 report mean annual wage: $169,450Nurse Anesthetists are the highest-paid category of nurses. Per the BLS, nurse anesthetists "administer anesthesia, monitor patient's vital signs, and oversee patient recovery from anesthesia. May assist anesthesiologists, surgeons, other physicians, or dentists. Must be registered nurses who have a specialized graduate education." Growth potential in this field is staggering: The job growth outlook for the collective category of Nurse Anesthetists, Nurse Midwives, and Nurse Practitioners from 2016-2026 is 31%.15. Airline Pilots, Co-Pilots, and Flight Engineers2019 report mean annual wage: $169,5602018 report mean annual wage: $161,280You may know that airline pilots and co-pilots are the ones in the cockpit, navigating and flying the plane. What you may not know is that there is also a flight engineer, who uses the plane's instruments to provide navigation guidance. Per the O*NET entry for these jobs, a bachelor's degree is required in many instances, but not always.16. Petroleum Engineers2019 report mean annual wage: $156,3702018 report mean annual wage: $154,780According to the BLS, "Petroleum engineers design and develop methods for extracting oil and gas from deposits below the Earth’s surface. Petroleum engineers also find new ways to extract oil and gas from older wells." The growth outlook for petroleum engineers looks very bright; the number of jobs in this field is expected to increase a healthy 15% between 2016-2026.Growth and salaries in this field partly hinge upon the price and demand for gas and oil.According to the job description database O*NET, these are the top tools a petroleum engineer needs to master:Analytical or scientific software, e.g., IHS PETRA; Schlumberger Petrel; TRC Consultants PHDWin; Well Flow Dynamics WellflowData base user interface and query software, e.g.,Landmark Graphics TOW/cs; Microsoft AccessFinancial analysis software, e.g., DFA Capital Management GEMS; GeoGraphix ARIES Portfolio; IHS QUE$TORGraphics or photo imaging software, e.g., Microsoft VisioProject management software, e.g., Microsoft Project ; Oracle Primavera Systems17. Computer and Information Systems Managers2019 report mean annual wage: $152,8602018 report mean annual wage: $149,730In the IT field, rich software developers get all the attention, but many of the high-paying jobs in this field are those like MIS (Management Information Systems) director. According to the BLS, computer and information systems managers "plan, direct, or coordinate activities in such fields as electronic data processing, information systems, systems analysis, and computer programming. Excludes 'Computer Occupations.'" Typical job titles for this occupation include, per O*NET: Application Development Director, Computing Services Director, Data Processing Manager, Information Systems Director (IS Director), Information Systems Manager (IS Manager), Information Systems Supervisor (IS Supervisor), Information Technology Director (IT Director), Information Technology Manager (IT Manager), MIS Director (Management Information Systems Director), and Technical Services Manager.18. Podiatrists2019 report mean annual wage: $248,2202018 report mean annual wage: $148,470Podiatrists are foot doctors, but rather than a traditional M.D., many podiatrists opt instead to get a DPM degree (Doctor Podiatric Medicine). O*NET claims that this field has a "bright outlook" in terms of future job growth. Salary took a slight dip in the report for 2019.19. Architectural and Engineering Managers2019 report mean annual wage: $148,9702018 report mean annual wage: $143,530Per O*NET online, architectural and engineering managers "Plan, direct, or coordinate activities in such fields as architecture and engineering or research and development in these fields."Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting.Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.Advise management on short-term and long-term financial objectives, policies, and actions.Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.20. Marketing Managers2019 report mean annual wage: $147,2402018 report mean annual wage: $145,620Spin, they say, is everything, so it may not be a surprise that marketing managers are among the highest-paid professions in the U.S. Since every industry has marketing managers, though, asking how much people in this profession make is kind of like asking how long a piece of string is. The salaries for marketing managers vary wildly by industry. Here are the top five industries for marketing manager salaries:21. Financial Managers2019 report mean annual wage: $146,8302018 report mean annual wage: $146,290This job description comprises treasurers and controllers as well as financial managers. Despite the increased availability of online brokers, self-guided financial technology and robo-advisers, the field of financial management is expected to grow a very healthy 19% between 2016-2026. (Related: Pros & Cons of Using a Robo-Advisor).Treasurers and controllers are responsible for the following tasks, per O*NET:Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties (Related: Career advice: Accountant versus controller)Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organizationDevelop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accountingMaintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.Advise management on short-term and long-term financial objectives, policies, and actions. (Related: What Do Financial Advisors Do?)Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.22. Lawyers2019 report mean annual wage: $144,2302018 report mean annual wage: $141,890The growth outlook for lawyers between the years 2016-2026 is 8%, about the average for all occupations in general.23. Sales Managers2019 report mean annual wage: $140,3202018 report mean annual wage: $140,600Per the BLS, sales managers "plan, direct, or coordinate the actual distribution or movement of a product or service to the customer. Coordinate sales distribution by establishing sales territories, quotas, and goals and establish training programs for sales representatives. Analyze sales statistics gathered by staff to determine sales potential and inventory requirements and monitor the preferences of customers."24. Natural Sciences Managers2019 report mean annual wage: $139,6802018 report mean annual wage: $133,670Per O*NET, natural sciences managers "Plan, direct, or coordinate activities in such fields as life sciences, physical sciences, mathematics, statistics, and research and development in these fields." This can include the following titles: Environmental Program Manager, Fisheries Director, Health Sciences Manager, Laboratory Manager, Natural Science Manager, Research and Development Director, Research Manager, Senior Investigator, Senior Scientist, and Water Team Leader.25. Compensation and Benefits Managers2019 report mean annual wage: $132,8602018 report mean annual wage: $130,010Within the field of human resources, compensation and benefits managers are the highest-paying positions. Per O*NET, this job category can comprise titles such as: Benefits Coordinator, Benefits Manager, Compensation and Benefits Manager, Compensation Director, Compensation Manager, Compensation Vice President, Employee Benefits Coordinator, Employee Benefits Director, Employee Benefits Manager, and Payroll Manager.Please Upvote and share with your colleagues.
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What is the biggest scam that every Indian must be aware of?
KFC - KFC people will not miss any opportunity to scam people. I had faced many instances previously and another one happened yesterday.Charged me extra without notifying me and refused to reverse the charges.I went to KFC in HSR layout. Wanted to eat a simple potato crisper. Ordered that and was TOLD that it is ₹45. Gave a 500 ₹ note. Cashier took 5–10 mins and delayed my order and then returned me ₹ 452 (not 455) saying that he has ₹10 note and not ₹5. I let it go because it was a small amount. Went to the table. While eating my food I noticed on screen display that same burger was ₹40 and not ₹45. I also noticed that these people had not given me the bill. Went back to the counter and asked for the bill. Response -”Sir, we threw away the bill. We cannot give it because it is in dustbin somewhere.” I thought something is fishy and still insisted. If not original give me duplicate bill. Lo and behold - 5 mins later the original crumpled bill was present on the counter. And what I noticed is that I have been charged ₹5 extra. Here is the picture.I asked why the 5 extra and they said it is for some hope foundation.Me: That's ok but why is it charged without asking me.KFC:Sir, this is for hope foundation.Me: but WHY is it charged without asking me??KFC: ?????????Me: please reverse the charges. I want my money back. (I was angry because they had done it without my permission)KFC: Sir we cannot do that since bill has already been generated. You should have told us at time of billing that you should not be charged for hope foundation.Me: but you did not inform me that you are charging me extra for this. You did not even give me the bill.By then manager came.Manager: sir it is your fault, you should have raised issue at time bill was generated.After a lot of arguments they said sorry but then I looked at other bills crumpled and lying nearby. All had the same included. I tried to take a picture of them also but manager said since those are not my bills hence I cannot photograph them. At least here he was correct.I returned unsatisfied.Another instance - KFC charged me ₹ 60 for an ice-cream with MRP (maximum retail price) of ₹40. Photos were uploaded on Twitter and again the same sorry response from KFC.Beware people.Another point-one customer was not happy with his chicken since it was not hot at the bottom of his tub. He had eaten the top pieces. KFC person took the chicken piece from his half eaten tub and kept it BACK WITH THE OTHERS and gave him fresh ones. If this guy was diseased I am pretty sure some other people would be sick after eating the KFC soiled food.
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What is it like to intern at Amazon India?
I interned at Amazon India, at chennai as an application engineer intern. It was a 8 months long internship, from September 2017 to may 2018.I had been selected through campus recruitment, after several rounds of interviews.It was an amazing experience! I was working under a research scientist, who had a phd from the Massachusetts Institute of technology. She was very nice to me, teaching me every small details of what it takes to work at big companies. She understood that my college did not equip me with certain skills and taught me things like sending emails and communication.After my internship i had learnt how to approach a particular problem. I had learnt how people look and analyze the problem and look for solutions. I think that is one of the most important thing a fresh college graduate would have to know. I now have a direction on what to do in order to grow in my career.My manager took a lot of interest in my growth and managed me very well. Any time i was struck she would help me solve my problem amd get the work done. She would teach me how she would have done that task and make me think in way i get to the solution. She always assigned me tasks that were manageable for me and saw that i was able to solve the problem. She has spent a lot Time explaining things and answering all my questions. She patiently cleared all my doubts and explained anything i asked her. It was very nice that she spent so much time with me inspute of her busy schedule.One of the most interesting part of the internship is meetings with high profile people at amazon. I was able to attend meetings with AVPs who shared their views and talked about the future of our products. I attended meetings with Mr. Narsi Narasiman one of the first engineers of kindle..Amazon the company itself looks after its employees amd helps them to grow in their careers. All of us have a mentor who would advise us trends in the industry. They would tell us what has to be done, to be able to climb the career ladder.The work timings were lenient and there was wasn't a strict timing. I had to work about 40 hrs a week to achieve my targets. I got to learn a lot of things and my manager always empathized on learning during the internship. She was very helpful in helping me learn and improve.The office had good recreational facilities with table tennis, snooker and fooz ball in the playing area.These are some of the photos of my office.Overall it was a very enjoyable experience. I am very glad that i have learnt a lot from the internship. I am very thankful for my manager who guided me through out the internship.Adding this answer for people who want to know how to apply for amazon :Sailesh Morkonda's answer to How can a CSE fourth year student apply for Amazon?And this answer.Sailesh Morkonda's answer to What should you know before your Amazon internship starts?
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it/PV4eVY — Donald Trump Jr.'s Lawyer (@mandy_cooper13)
Trump Jr. also sent the email after news broke that former acting Attorney General Sally Yates had alerted the White House that Flynn might have lied about discussing sanctions with then-Russian ambassador Sergey Kislyak.
The White House, which initially said that Trump didn't know any details about Flynn until he learned about it later — then said that the president only found out about them through media reports — has faced questions about why Trump's son was seeking to establish communications with the Russian government in the first place.
In a series of tweets, Trump Jr. denied that he and others had received the emails, and called the Times story "a COMPLETE and TOTAL FABRICATION" of his meeting. He said the Times' "fictional account" was "100% made up."
This morning's NY Times Magazine cover: "How Vladimir Putin Created Donald Trump." — Donald Trump Jr. (@DonaldJTrumpJr)
Flynn's resignation Monday came the same day that he was interviewed by FBI agents about the meeting — as part of Robert Mueller's probe of Russia's meddling in the US presidential election.
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