MILLENNIUM CARS MINDANAO INC
(PROCUREMENT ASST)
The procurement process involves sourcing, purchasing, and receiving goods and services to meet organizational needs efficiently. Sourcing begins by identifying reliable suppliers, assessing their offerings, and selecting vendors that align with the company's quality standards, budget, and delivery timelines. This may involve requesting quotes, conducting market research, and evaluating supplier performance.
Purchasing follows sourcing, where purchase orders (POs) are created based on approved supplier quotations. The procurement team negotiates terms, finalizes pricing, and places orders. It's crucial to ensure compliance with company policies, budget limits, and delivery schedules during this phase.
Receiving goods and services involves inspecting deliveries against purchase orders for accuracy, quality, and quantity. The receiving team ensures that the goods are undamaged, meets specifications, and are logged into inventory or forwarded to the appropriate department. Discrepancies or damaged goods are reported for resolution. Proper documentation is essential for record-keeping and future audits. Effective communication throughout ensures smooth procurement operations.
