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AC3/May 2014 Advanced certificate in procurement and supply operations Procurement and supply workflow QUESTION AND ANSWER BOOKLET Candidate Number Date Wednesday 21 May 2014 Time Start 14.00 End

How to fill out procurement and supply workow

How to fill out procurement and supply workflow:

1. Identify the items or services needed for the procurement process.
2. Conduct thorough market research to identify potential suppliers or vendors.
3. Request and collect quotations or proposals from the identified suppliers.
4. Evaluate and compare the quotations based on factors such as cost, quality, and delivery time.
5. Select the most suitable supplier and negotiate the terms and conditions.
6. Finalize the procurement contract or agreement with the selected supplier.
7. Ensure that the necessary documentation is completed, including purchase orders and invoices.
8. Monitor the delivery of the procured items or services and ensure compliance with the agreed terms.
9. Review and reconcile the received goods or services with the orders placed.
10. Process payments to suppliers and maintain proper records.

Who needs procurement and supply workflow:

1. Organizations and businesses that require regular purchasing of goods or services.
2. Government agencies and public institutions involved in public procurement.
3. Procurement departments or teams within companies or organizations responsible for managing the purchasing process.
4. Suppliers and vendors who need to follow a structured workflow when dealing with clients.
5. Any individual or entity that wants to ensure efficient and effective procurement and supply management.

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What is procurement and supply workow?

Procurement and supply workflow is the process of acquiring goods and services from external sources in an organized and efficient manner.

Who is required to file procurement and supply workow?

Anyone involved in the procurement and supply chain management of an organization is required to file procurement and supply workflow.

How to fill out procurement and supply workow?

Procurement and supply workflow can be filled out by documenting the steps involved in acquiring goods and services, including vendor selection, purchase orders, and delivery tracking.

What is the purpose of procurement and supply workow?

The purpose of procurement and supply workflow is to streamline the process of acquiring goods and services, ensuring transparency, efficiency, and cost-effectiveness.

What information must be reported on procurement and supply workow?

Information such as vendor details, purchase orders, delivery schedules, and payment terms must be reported on procurement and supply workflow.