What is Procurement (in Hindi)? Complete Procurement Process

Definition of Procurement.
Difference between Supply chain and Procurement.
Complete Procurement Process.
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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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