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Procurement and Inventory

22 Mar

Procurement and Inventory

The Procurement Process

Business requirement for product or service: Identify Opportunities Opportunities are usually triggered by a business requirement for a product or service.Material requirements might include:

  • Equipment
  • Components
  • Raw materials
  • Completely finished products

Service requirements might include:

  • Computer programmers
  • Hazardous waste handlers
  • Transportation carriers
  • Maintenance service providers

Users (also called internal customers) identify a need for material or service requirements, and communicate this need to purchasing.

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