Procurement Management includes expectations, requirements and planning of what to buy, when to buy and from what source, also involves build versus buy decisions. Project procurement management also establish, manage and control relationships with outside vendors and suppliers for goods and services needed to complete a project.
Procurement involves the process of selecting vendors, establishing strategic terms, finalizing payment terms, negotiation of contracts and actual purchasing of goods. Documentation is extremely vital specificity for Procurement process. We help our clients to develop unique procurement strategy tailored to meet the needs of the business either fixed-price, cost-reimbursable, or time and materials. A procurement KPI or metric is a measurable value that tracks all relevant aspects i.e. value for money, effective competition, Ethics and fairness, accountability, globalization, negotiation and reporting.