Procurement Management Flashcards
1
Q
Procurement Management
12.1 Plan Procurement Management
A
Planning
Determine plan for procuring resources (make vs buy decisions) and identifying potential sellers
2
Q
Procurement Management
12.2 Conduct Procurements
A
Executing
Obtain responses from sellers, and select & sign a contract
3
Q
Procurement Management
12.3 Control Procurements
A
M&C
Manage and monitor the signed procurement’s