Procurement services encompass a broad spectrum of tasks, including sourcing, purchasing, procurement-to-pay, source-to-pay, material procurement, supplier coordination, negotiation, and more. Their significance lies in facilitating efficient procurement management, guaranteeing the availability of goods and services, optimizing costs, and fostering robust supplier relationships.
- 1) Provide sourcing and purchasing solutions: Offering solutions for sourcing and purchasing needs.
- 2) Identify needs and create Purchase Requisitions: Identifying requirements and creating purchase requisitions.
- 3) Procure to pay, source to pay: Managing the procurement process from sourcing to payment.
- 4) Provide indirect and direct material procurement: Procuring both indirect and direct materials.
- 5) Carry out PR for approval and issuance of PO: Handling purchase requisition approval and purchase order issuance.
- 6) Identify suppliers and request quotations: Identifying potential suppliers and requesting quotations.
- 7) Coordinate and negotiate with suppliers and answer their inquiries: Managing supplier relationships, coordinating activities, negotiating terms, and addressing supplier inquiries.
- 8) Street Buying – Leverage vendor relationships to get the best prices: Utilizing vendor relationships to secure competitive pricing.
- 9) Consolidation of PR/PO Records: Consolidating purchase requisition and purchase order records.
- 10) Rebuilding missing data: Restoring missing or incomplete data.