Procurement Cycle overview

Manages the end-to-end procurement process for goods and services -- gathering requirements and specifications from requesting teams, soliciting competitive bids or quotes, evaluating proposals against cost, quality, and compliance criteria, conducting vendor capability assessments, negotiating contract terms with legal review, obtaining budget approval, issuing purchase orders, and tracking delivery against agreed timelines. Produces vendor evaluation matrix, approved purchase order, and procurement audit trail. Excludes ongoing vendor relationship management.