What is Procurement


Procurement is a complete process of obtaining  goods and services from preparation and processing of a requisition trough to receipt and approval of the invoice for payment.

Also called Sourcing, it commondy involves:


  1. Purchase Planning
  2. Standars 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
  11. Disposals and Other related Functions


Procurement Abjectives

  • To meet all requirement for goods/services, agreed with the customers in line with the corporate mission and goal.
  • To provide the goods/services at the low cost, measured on an international competitive basis, taking into account; price, quality, timing, inventory, payment, and other commercial considerations.
  • To ensure full legal and commercial protection in all contractual arrangements
  • To achieve and maintain professional and ethical standards.
  • To highlight and develop talent

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