oboloo Glossary

What Is The First Step In The Procurement Process

oboloo Glossary

What Is The First Step In The Procurement Process

Engaging in the procurement process starts with identifying and defining needs. This first step ensures that everyone involved has a clear understanding of what is being requested, who will be providing it and how the procurement process itself will unfold. This allows for cost-effective solutions to be proposed and an efficient procurement process to be implemented. Once needs have been identified and defined, the next step is sourcing, where potential suppliers can be found and evaluated.