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Control Procurement Process

oboloo Glossary

Control Procurement Process

Control Procurement Process is the systematic approach for managing and monitoring of an organization’s process for procuring goods and services. It ensures that the organization obtains maximum value from the products or services it acquires at the right quality, in the right quantity and at the right time. The control of this process involves determining the appropriate vendors, negotiating favorable contracts and ensuring timely delivery of goods or services while maintaining compliance with relevant regulations. An effective control procurement process leads to increased operational efficiency, cost savings and improved customer satisfaction.

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