Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared.
Typically the word “purchasing” is not used interchangeably with the word “procurement”, since procurement typically includes expediting, supplier quality, and transportation and logistics (T&L) in addition to purchasing.
Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Purchasing: Purchasing refers to a business or organization attempting to acquire goods or services to accomplish its goals.What Skills Does a person Need at Guam Regional Medical City?Īt Guam Regional Medical City, specify the abilities and skills that a person needs in order to carry out the specified job duties.Įach competency has five to ten behavioral assertions that can be observed,Įach with a corresponding performance level (from one to five) that is required for a particular job.
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