5 Rights of Procurement Flashcards
1
Q
Right Quantity
A
Ensuring most cost effective amount of a product or service is procured.
2
Q
Right Quality
A
Value for money - ensuring product or service meets the need and expectations of customers.
3
Q
Right Time
A
Ensuring all orders and contracts state the time when the buying organisation requires them.
4
Q
Right Price
A
Price for product or service must be fair and reasonable.
5
Q
Right Place
A
Ensuring products/ goods or services are delivered to the right place.
