Supply Chain Management::Manage Procurement

Manage Procurement business activity handle all acquisition tasks for supplies needed by the organization (including raw materials/resources, services, finished products) for business operations.<br/>Through Manage Procurement business activities, the evaluation, selection, and creation of formal contractual agreements, as well as managing the organizations ongoing supplier relationships are done.<br/>Manage Procurement activity interrelates with Financial Management business process when there is need to oversee transactional purchasing of supplies (goods and services), in order to complete a Source-to-Settle cycle.<br/>