What is Procurement? | Procurement Process
In this video, I have explained: "What is Procurement?", and the Procurement process in a simplified way.
Difference between Procurement and Purchasing- • Procurement vs Purchas...
Procurement is usually a part of the input to a company that uses the purchased goods or services in the making of their own final product. This makes it a very vital function of any business.
The procurement process involves activities such as - identification of needs, sourcing, selection, negotiation, ordering, receiving, and payments.
Topics that I covered in this video are-
1. What is Procurement? / what is procurement mean?
2. What is procurement process?
3. Steps involved in a procurement process
Steps are- 1. Identification of Requirement
2. Determination of the Specifics of the Requirement
3. Sourcing
4. Negotiation and Finalization of Price and Terms
5. Purchase Requisition and Order
6. Delivery of the Purchase Order
7. Expediting
8. Receive And Inspection
9. Payment Process
10. Record Keeping And Review
4. What’s the difference between direct procurement, indirect procurement, and services procurement?
5. procurement meaning, definition, types
Read in details or download pdf- educationleaves.com/what-is-p...
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#procurement #procurementprocess #industrialengineering
Пікірлер: 127
So simple and straight to the point. this video is perfect
Found the Best Explanation on Procurement. After checking few Videos. 🙏🏻
@Educationleaves
3 жыл бұрын
Thanks man 👍
@Lerato_procurement_genius
2 жыл бұрын
Interesting
@RWarrior777
2 жыл бұрын
@@Educationleaves hi there, liked the video. I am interested in learning procurement. Where can I begin? Thanks
Good. Video but the computer generated voice makes this difficult to listen to.
I love this tutorial video... Straight to the point ✊.... Thanks!
Must say really really helpful to understand the concept. thank you so much for sharing the details! really appreciated!
@Educationleaves
Жыл бұрын
Glad it helped!
Thanks for clarification on procurement!!
Hi, I like the video on procurement. It is a good subject to discuss and study.
Wowwwww i understood thank you ,it was just clear and straight forward
Thank you very much, very clear and to the point. 1 year long course then graduate confused and tell you , you have to get experience 🤣
Thank you this is very useful and knowledgeable.
@Educationleaves
2 жыл бұрын
Ur welcome!
Very helpful video, Keep on doing these beneficial videos with that clear and simple explanation.
@Educationleaves
5 ай бұрын
Thanks!
Great video! Will share it with our future clients.
Great Video , straight to the point and very informational
@Educationleaves
2 жыл бұрын
Thank you!
@Bookersbones
Жыл бұрын
Bot
Thank you, very helpful.
Very useful and well explained .
Thank you so much, for this useful video.
@Educationleaves
3 жыл бұрын
Most welcome
Great simple to understand video
This video showed us golden information
@Educationleaves
Жыл бұрын
Thank you!
Very very useful thank you so much for sharing
Very useful 🔥💯😎....Thank you 💯🔥💯
@Educationleaves
3 жыл бұрын
Most welcome ❤
Exlent program for me thank you so much
Really Good explained and cover lots of things. 👍👍
@Educationleaves
2 жыл бұрын
Thanks!
Thank u looks good and very informative
@Educationleaves
3 жыл бұрын
Most welcome
**Procurement**: - Focus: Procurement is a broader process that encompasses purchasing but extends beyond it. It involves strategic planning, sourcing, negotiating, and managing relationships with suppliers. - Scope: Procurement involves analyzing the organization's needs, identifying potential suppliers, evaluating contracts, and ensuring alignment with organizational goals. - Goal: The primary goal of procurement is to optimize the entire supply chain to achieve long-term value, mitigate risks, and support organizational objectives. In simple terms, purchasing is like going to the store to buy groceries, while procurement is like planning the entire shopping list, finding the best stores to buy from, negotiating deals, and making sure you have everything you need to cook a great meal.
Am studying Procurement and Supply in the tertiary its a fine courses
Thanks for information
Thank you, very helpful
@Educationleaves
2 жыл бұрын
You are welcome!
Very helpful. Thanks
@Educationleaves
2 жыл бұрын
Ur welcome!
thank you a lot it's very useful
@Educationleaves
3 жыл бұрын
Ur welcome!!
Great Video, easy to understand
@Educationleaves
Жыл бұрын
Thank you!
great content this will be very useful for my interview
@Educationleaves
2 жыл бұрын
Thanks!!
@ReactionYoutubeShort
2 жыл бұрын
hi, how was your interview? I am interested in this field and I have had an interview in purchasing this morning..BTW I would like to make friends with people who is working in this field and you are all welcome...please feel free to text me
very very helpfully, Thanks Alot
@Educationleaves
2 жыл бұрын
You are welcome!
Great video
thanks, it's really helpful
@Educationleaves
2 жыл бұрын
You are welcome 🙏
Thanks! it was helpful.
@Educationleaves
Жыл бұрын
Glad it helped!
danko! it means thank you
Thank u sir India
very good thnks
Very nice easy to understand
@Educationleaves
2 жыл бұрын
Thanks❤️
Wow nice explaining...i like ur videos
@Educationleaves
2 жыл бұрын
Thank you so much!
thanks for sharing
@Educationleaves
Жыл бұрын
My pleasure
robotic... but overall good job.. thanks for sharing
thanks, it's really helpful
@Educationleaves
Жыл бұрын
You are welcome!
GOOD INFO
@Educationleaves
3 жыл бұрын
Thank you!!
very useful
@Educationleaves
2 жыл бұрын
Thank you!!
This is useful
@Educationleaves
3 жыл бұрын
Thanks
Which software you use for video making and sound
Its really useful video.. Sir, can you explain "What is Procurement’s contribution to successful execution of Lump Sum project so that it is completed within agreed schedule and budget?"
@catherineonyeanu8154
Жыл бұрын
If i may, Procurement is key to the delivery of projects. A lumpsum project here is a project in which the contractor is paid fully for all aspects of the project including the procurement. Some projects are called EPC (Engineering, procurement, and commissioning). Hence, the contractor manages the procurements for the project as part of the contract. This implies that the impact of procurement on the delivery of the project is key. A major scope managed in this that poses a big threat is the management of long lead items (LLI)which are items required at a certain time of the project but there procurement will take a very long time. For example are specially custom parts which may be manufactured abroad. The time and risks involved in this singular item can greatly delay the completion of the project, therefore such items are manages separately and their procurement is started long before it is needed, in other to make sure it arrives in time. When such items are mismanaged or experience delays in delivery, they can have huge schedule and budget impacts on the project. I hope I was able to throw some light. Question is old, but it at least got an answer for readers. Thank you.
Hi sir, is there anyone providing procurement quality training courses in India?
Nice learning
Anyone engineer here from Procurement?
@turnocent_Bhardwaj
2 ай бұрын
Logistics
@-EIE-HarshMishra-qn3ix
15 күн бұрын
@@turnocent_Bhardwajare you from which branch
Very nice video
@Educationleaves
2 жыл бұрын
Thanks!
This is very help full forme
@Educationleaves
2 жыл бұрын
Thank you!
thanks this will help for all beginner levels
Please make video visual merchandising
Sir am not able to find PDF download option
AWESOME
@Educationleaves
Жыл бұрын
Thank you!
Does making process of supply chain mgt includes procurement?
@Educationleaves
2 жыл бұрын
Yeah it’s part of supply chain...check out my video on order management and supply chain management.
good
@Educationleaves how can I have the PPT with the visuals
Noiceee
Make the speed 1.25x and enjoy
Tnkx
@Educationleaves
Жыл бұрын
Welcome
Was of benefit to me
@Educationleaves
2 жыл бұрын
Glad to know that 😊
simple
can i ask? first what is the meaning of average procurement performance? and leading procurement performance? what attribute differences between average and leading procurement performance?
@gagankumara6003
2 жыл бұрын
ich liebe dich
@gagankumara6003
2 жыл бұрын
Guess what I typed
@noname-bk6lv
Жыл бұрын
@@gagankumara6003 W for effort
nice
@Educationleaves
2 жыл бұрын
Thanks!
Please make videos Up selling Down selling Cross selling
Where is the pdf link?
@Educationleaves
3 жыл бұрын
check now...and thanks for reminding me.
@salimmuhammadbukhit9462
2 жыл бұрын
@@Educationleaves help with pdf plz if not mind
@Educationleaves
2 жыл бұрын
@@salimmuhammadbukhit9462 Go through the pdf link in the description.
Sir aap aapna voice dalte to Jayda aacha hota 👍
Я НАДЕЮСЬ , ЧТО РЕБЯТА ИЗ РАНХИГСА ВИДЯТ ЭТОТ КОМЕНТ , ГОТОВЬТЕСЬ, ТАМ 18 СЛОВ))))))))
Wheresthe pdf?
I need job in this field any one help me ..
@faithmwende7583
2 жыл бұрын
Same here
The robot voice is horrible. Please change it.
good video
Make the speed 1.25x and enjoy
Where is the pdf link?