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IRON INTERNATIONAL LIMITED (A Public Sector Undertaking under the Ministry of Railways) Red. Office: C4, District Center, Sake, New Delhi 110 017 (India) CINL45203DL1976GOI008171Web: www.ircon.org
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How to fill out annual procurement plan and

01
Identify the goods or services that need to be procured for the upcoming year.
02
Estimate the quantity or frequency of procurement needed for each item.
03
Research potential vendors or suppliers for each item on the list.
04
Obtain quotes or bids from the selected vendors.
05
Evaluate the quotes or bids based on cost, quality, and other relevant factors.
06
Finalize the procurement plan with the selected vendors and procurement schedule.

Who needs annual procurement plan and?

01
Government agencies
02
Businesses
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Non-profit organizations
04
Any organization or entity that requires goods or services on a regular basis
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The annual procurement plan is a document that outlines an organization's purchasing activities for the upcoming year, including the goods and services that will be procured and the estimated budget for each procurement.
Government agencies, public sector organizations, and other entities that engage in procurement activities are required to file an annual procurement plan.
To fill out an annual procurement plan, organizations must detail their procurement needs, identify potential suppliers, estimate costs, and outline the procurement process.
The purpose of the annual procurement plan is to ensure transparency and accountability in the procurement process, to budget for future purchasing activities, and to streamline the procurement process.
The annual procurement plan must include a list of goods and services to be procured, estimated costs for each procurement, a timeline for the procurement process, and any relevant regulations or guidelines.
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