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Procurement End To End Process

oboloo Glossary

Procurement End To End Process

Procurement end-to-end process is the official business definition of the process of obtaining goods and services from external suppliers. It involves the identification of a need, the selection of a supplier, the negotiation of a contract, the ordering of goods and services, the receipt of goods and services, and the payment of invoices. This process is designed to ensure that the goods and services obtained are of the highest quality and at the best possible price. It also ensures that the process is transparent and efficient, and that all stakeholders involved are aware of their roles and responsibilities. The end-to-end process is a critical component of any business, as it helps to ensure that the organization is able to obtain the best value for its money. It is also important for the organization to ensure that the process is compliant with all applicable laws and regulations.

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