what is the procurement?
Answers were Sorted based on User's Feedback
Answer / saswat barpanda
Procurement is the acquisition of goods and/or services at
the best possible total cost of ownership, in the right
quantity and quality, at the right time, in the right place
for the direct benefit or use of governments, corporations,
or individuals, generally via a contract.
Is This Answer Correct ? | 13 Yes | 2 No |
Answer / vishnu
The act of obtaining or buying goods and services. The
process includes preparation and processing of a demand as
well as the end receipt and approval of payment. It often
involves
(1) purchase planning,
(2) standards determination,
(3) specifications development,
(4) supplier research and selection,
(5) value analysis,
(6) financing,
(7) price negotiation,
(8) making the purchase,
(9) supply contract administration,
(10) inventory control and stores, and
(11) disposals and other related functions.
The process of procurement is often part of a company's
strategy because the ability to purchase certain materials
will determine if operations will continue. A business will
not be able to survive if it's price of procurement is more
than the profit it makes on selling the actual product.
Is This Answer Correct ? | 0 Yes | 0 No |
HOW TO ATTEND IN INTERVIEW MAM/SIR
"Is honesty always the best policy?"
From a strategic perspective, how can senior management make the best use of the human resource function?
Describe a time when you anticipated a problem and developed a potential solution?
I want to know how a HR person calculate payrolls of the employees? and the procedure of payrolls?
If a person drawing RS.29000/- as net salary per month... Can any one please provide is his gross salary and total other cuttings...
Dear friend, this is sriram from hyderabad,m doing my MBA(HR). At present am in 3rd semester. I got a doubt regarding certification courses related to Hr, meanwhile am interested to do HRM or HCM, i need some clarification hat what is the diff between them and Which is better either in SAP/ORACLE ? and please let me know about the good institutes in HYD/Chennai with fee details. Thanks in advance Sriram Adluri +919866737620
what are the key issues that should be addressed in the desingn,conduct and evaluation of training programs
What is Recruitment?
180 Answers Ad2Pro, CareerNet, GUDE, HP, Idea, Isgec, Jawaharlal Nehru Technological University JNTU, Logic Labs, Oyster Learning, RED TEK, Samruddha Jeevan, Tata Steel Limited, TCS, Wipro,
In present state of recession in the IT industry as a HR Manager how are you going to undertake HR Planning at micro level to tide over this crisis?
what is teh difference between upgradation and promotion?
why do you think you qualify for a human resources manager position