Procurement Basics: The Procurement Process

Welcome to the “The Procurement Process” lesson that covers the nine basic steps of a successful procurement process. This lesson is the second of five in the “Procurement Basics” course, which explores how procurement should meet the needs of the business and the processes that surround production and inventory planning. After viewing this lesson, learners will be familiar with how a successful procurement process avoids waste, meets demand, and chooses vendors.