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As a procurement specialist you play 3 main roles when dealing with external suppliers, Selecting, having contract with and managing an external supplier Weekly summaries, downloads and upcoming tutorials join here: https://zerite-network.kit.com/295c74... WATCH THIS NEXT: How to not lose in a negotiation: • 3 ways to improve your walk away strategy ... procurement jobs that AI isn’t replacing for now: • Procurement and supply jobs AI isn’t repla... ACCESS MY OTHER COURSES HERE: CIPS RELATED: CIPS L4M5 Commercial negotiations https://bit.ly/3uQxv0i CIPS L4M3 Commercial Contracting: https://bit.ly/3TgpJDY CIPS L5M3 Managing contract risks: https://bit.ly/3IojJnm PRACTICE EXERCISE DOWNLOADS AND VIDEO LESSONS: https://zeritenetwork.com WAYS TO CONTACT US: Facebook: / zeritenetwork Instagram: / zeritenetwork Twitter: / zeritenetwork LinkedIn: / mosesmanuel QUESTION – What video would you like to see next? Let me know in the comments section ABOUT VIDEO The procurement process refers to the steps that procurement team must take to acquire the right products and services for the organisation The process will obviously vary from one organisation to another but generally it has the following stages; 1. Defining business needs and developing specifications 2. Conducting market analysis and make or buy decisions 3. Developing the strategy and plan 4. Pre-procurement market test and engagement 5. Developing documentation (pre qualification questionnaires and detailed specifications) 6. Supplier selection to participate in tender 7. Issue tender documents 8. Bid and tender evaluations and validations 9. Contract awards and implementation 10. Warehouse logistics and receipt 11. Contract performance and improvement 12. Supplier relationship management 13. Asset management In this video we summarize the procurement cycle into two parts; 1. Pre-contract awards activities or stages 2. Post contract awards activities or stages