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End To End Procurement

oboloo Glossary

End To End Procurement

End to end procurement is the official business definition for the entire process of acquiring goods and services. It involves a number of steps, from the initial identification of a need for a product or service, to the final payment for the goods or services. The process typically begins with a needs assessment, which is used to determine the exact requirements of the goods or services. This is followed by the selection of a supplier, which is based on the supplier’s ability to meet the needs of the organization. Once the supplier is selected, the procurement process moves on to the negotiation and contracting phase, which involves the negotiation of the terms and conditions of the purchase. Finally, the payment process is completed, and the goods or services are delivered to the organization. End to end procurement is an important part of the overall business process, as it ensures that the organization is able to acquire the goods and services it needs in a timely and cost-effective manner.

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