Procurement is the acquisition of goods, for Team Electric meaning electrical items like light fittings, cables, and various installation materials. It is favorable that the goods are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location.
Our procurement steps
Our procurement life cycle usually consists of five steps:
- Information gathering
- Supplier contact
- Background review – References for product/service quality are consulted
- Negotiation – Price and delivery schedules are negotiated
- Fulfillment – Expediting, shipment, delivery, and payment are completed, based on contract terms