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Procurement Process Workflow

oboloo Glossary

Procurement Process Workflow

Procurement process workflow is the official business definition for the process of procuring goods or services. It typically involves a series of steps that are necessary to complete the process, from the initial request for the goods or services to the final delivery or payment. This process can vary depending on the size and scope of the purchase and how the organization typically handles its procurement activities. Generally, the procurement process workflow starts with planning and can include activities such as researching potential suppliers, creating a purchase order, and negotiating terms and conditions. After the purchase order is created, the next steps typically involve processing the order and inspecting and accepting the goods or services upon delivery. The procurement process workflow can also include activities such as payment processing, reconciliation of invoices, and final closure of the purchase order. All of these steps are necessary for a successful procurement process and can help ensure that the organization is getting the

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