Chapter 19
Procurement andAcquisition
Chapter Objectives
This chapter discusses the following key concepts:
• What the main procurement management activities are
• What the general procurement planning concerns are
• What basic procurement process steps are
• What needs to be considered in supplier selection
• What needs to be done after the supplier is selected, in terms of monitoring and controlling the procurement-related activities of both the supplier and the receiver
PROCUREMENT MANAGEMENT
All management is concerned with increasing productivity and lowering costs. These business drivers forced manufacturing and other industries to seriously ...
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