What is Procurement? Procurement describes the process of purchasing services or goods from a third-party supplier. This process usually refers to buying on a large scale to serve a specific…
What is Collaborative Procurement? Collaborative Procurement is a procurement arrangement in which more than one organization join together to purchase common materials or services from the suppliers. This practice helps…
What Is A Purchase Order? A Purchase Order (PO) is a document created by the purchaser and sent to a vendor or supplier in order to confirm an order. The…
