procurement cycle definition
procurement cycle. ’ means the cycle that starts with the initiation of the process of an individual procurement requirement and when the goods, works, services have been delivered and accepted;
procurement cycle means the time from the end of the planning cycle to the execution of the final supply contract or sourcing agreement authorized in a procurement approved in the planning cycle.
procurement cycle means the procedures, processes and stages to be followed for public procurement as prescribed by the Act and Public Procurement Regulations, 2011;
More Definitions of procurement cycle
procurement cycle means the cyclical process of key steps when procuring goods or services, from identification of a need and conducting market analysis through to the process of selecting the supplier, managing their performance and reviewing lessons learnt.