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Procurement Flow

oboloo Glossary

Procurement Flow

Procurement Flow is the process of identifying and acquiring goods, services, or works from external sources for direct consumption or use in an organization. It involves a systematic approach that includes researching, selecting, negotiating with, contracting, and engaging suppliers to secure the best value for money within established legal and quality parameters. Engaging members across all levels of the organization is key to successful Procurement Flow, as it helps ensure clear communication and expectations between parties. The end result should be the acquisition of timely and high-quality products or services at a fair price.

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