Question: Procurement is said to follow a procurement cycle. Required: (a) What are the stages of a procurement cycle? Under what circumstances can one skip any

Procurement is said to follow a procurement cycle.

Required:

(a) What are the stages of a procurement cycle? Under what circumstances can one skip any of the stages of the procurement cycle?

(b) What is the significance of specifications in procurement and at which stage of the procurement cycle should the specifications be developed?

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a The stages of a typical procurement cycle include Identification of Need This is the stage where the organization identifies the need for a particul... View full answer

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