Procurement Process Framework

The procurement process framework is a structured set of steps organizations follow to acquire goods or services. It starts with identifying needs, then researching options, establishing criteria, and selecting suppliers through a transparent process. Once a supplier is chosen, negotiations occur, and a contract is signed. The process continues with ordering, delivery, and inspection of the goods or services. Finally, the organization reviews the supplier’s performance, ensuring value and quality. This framework ensures purchases are efficient, competitive, fair, and aligned with organizational goals while managing risks and costs effectively.