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The Role of Procurement Cards in the Source to Settle Process Form

The Role of Procurement Cards in the Source to Settle Process Form

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hi welcome to education leaves in this video you are going to learn what is procurement the procurement process and what's the difference between direct indirect and services procurement let's start the video procurement can be defined as the process of acquiring goods and services from a third-party vendor through direct purchasing competitive bidding or tendering process while ensuring the right quality and quantity procurement is most commonly associated with businesses because companies need to solicit services or purchase goods usually on a relatively large scale procurement is usually a part of the input to a company that uses the procured goods or services in the making of their own final product this makes it a very vital function of any business procurement involves activities such as identification of needs sourcing selection negotiation ordering receiving and payments now come to the procurement process the procurement process refers to the identification and implementation

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