Assignment
The basic procurement cycle includes the following:
• Determination of requirements
• Determination of the source of supply
• Vendor selection
• Purchase order processing
• Purchase order monitoring
• Goods receipt
• Goods issues
• Invoice verification
• Payment processing
Organizations may also set a procurement process based on competitive procurement dollar amounts.
Find a case study that discusses procurement, and then discuss and analyze the procurement cycle.
Using the library, Internet, and your course materials, write a document of 4-5 pages that addresses the above tasks.