The official business definition of the 5 Step Procurement Process is a standard set of procedures and techniques used by organizations to ensure efficient acquisition of goods and services. The five steps include: 1) identification of needs, 2) supplier search and selection, 3) negotiation and contracting, 4) order and delivery, and 5) monitoring and evaluation. The goal of the process is to ensure that organizations are receiving the best value for their money while selecting the optimal supplier for their needs. After the needs are identified, a thorough supplier search and selection process must be conducted in order to find the best supplier for the job. This may include researching suppliers and evaluating their qualifications, abilities, and financial stability. Once a supplier is chosen, the negotiation and contracting phase begins. This is where the organization and the supplier discuss and negotiate the terms of the contract. After the contract is signed and agreed upon, the order and delivery phase begins. The organization must inform the supplier of the needs and provide the specifications for the