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 4-5-page document that addresses the above tasks.