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Old 08-14-2007, 02:12 PM
LANCE LANCE is offline
Procurementtips Member
Join Date: Sep 2006
South Africa
Posts: 7
LANCE is on a distinguished road
Default Re: Procurement process

Procurement should always be the first point of contact when it comes to sourcing of potential service providers. It is a best practice that Procurement should establish a preferred supplier database of suppliers where the entire organisation can source from. Where the procurement function is centralised, the procurement specialist can source on behalf of the division or unit requesting the product or service. When sourcing, the Procurement professional should always bear in mind the five pillars of Procurement namely:
Value for money;
Open & effective competition;
Ethics & fair dealing;
Accountability and reporting;
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