Support operational requirements of the organisation. This helps to identify organisation‘s requirements for buying products and services to help in the flow of supply chain at the right price from the right source, at the right specifications that meet the user‘s needs in the right quantity and for delivery at the right time.
Manage procurement process and supply base efficiently and effectively. To manage the procurement process and supply base efficiently, procurement must follow the following key steps:
- Identify an opportunity
- Manage internal operations and achieve objectives
- Develop strong relationships with other functional groups. This may include departments
like marketing, accounting, human resource, research and development etc.
- Support organisational goals