Definition of Procurement.
Difference between Supply chain and Procurement.
Complete Procurement Process.
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Supply Chain
Procurement Process
Purchase Requisition

Timecodes
00:00 Intro
00:47 Definition of Procurement
02:04 Example of Procurement
02:55 Difference between Procurement and Supply chain
05:01 Procurement Process
05:52 Step 1 Identification
08:03 Step 2 Submit Purchase Request
10:59 Step 3 Assess & Select Vendor
12:53 Step 4 Negotiations
14:22 Step 5 Create Purchase Order
16:28 Step 6 Recieve & Inspect
18:04 Step 7 Three way matching
21:04 Step 8 Approve the invoice
22:21 Step 9 Recordkeeping

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