FELP provides information about key procurement processes, why they are important and how to carry them out. It’s the place to find out how to improve procurement within your organisation and gain access to examples of procurement good practice.
Procurement plays an essential role. It is the process of cost effectively acquiring products or services from preferred suppliers.
Find out the best and most effective method to completing the procurement process by following the simple five-step guide.
All procurements regardless of their value or complexity follow a standard sequence of actions. This is known as the procurement cycle. In practice, you will complete some of the stages without being aware of having done so. This is particularly true of lower value, routine purchases. Think about the decision processes involved with restocking the stationery drawer.
The user simply decides what and how many of the stationery items are needed and the items are purchased from the nominated stationery supplier perhaps using the departmental procurement card. The time spend on the decision process is minimal.
Learn how to improve your procurement process by following the stages of the FELP procurement cycle.