Procurement Process Flow

The procurement process flow is the process by which an organization purchases goods and services. The flow typically starts with a requisition from a department or business unit, which is then reviewed and approved by Procurement. Once approved, Procurement issues a purchase order to the supplier, who ships the goods or provides the services. Finally, Procurement verifies that the goods or services have been received and invoices the organization.

There are many different ways that organizations can structure their procurement process flow. Some companies may have centralized Procurement departments that handle all purchasing for the company, while others may have decentralized Procurement functions with each business unit responsible for its own purchasing. There is no right or wrong way to structure the flow, but it is important to make sure that all stakeholders are aware of how the process works so that there are no surprises along the way.