Unique Skill ID: KS1287S66VYLS8GZ0DN3

Purchasing Process

The purchasing process involves a series of steps that need to be followed by an organization to procure goods and services. The process includes identifying the need, finding potential suppliers, evaluating and selecting suppliers, negotiating contracts, and post-purchase evaluation. A skilled purchasing professional must have the ability to assess supplier capabilities and build relationships, manage supplier performance and optimize costs, negotiate contracts, and ensure compliance with legal and ethical standards. It is a specialized skill that requires expertise in supply chain management, finance, and procurement.

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This Skill is part of Lightcast Open Skills, a library of over 32,000 skills used by schools, communities, and businesses that has become the standard language.
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