Definitions Of Procurement Flashcards
(16 cards)
What is procurement in the public sector?
The process of acquiring goods, services, or works in a way that is transparent, fair, and provides value for public money.
What is the primary focus of procurement in the private sector?
Getting the best value from suppliers to help the company stay competitive and profitable.
What does procurement aim to achieve in the nonprofit/NGO sector?
To obtain goods and services to support the organization’s mission, ensuring accountability to donors and beneficiaries.
What is involved in procurement for the construction and engineering sector?
Sourcing contractors, materials, and services needed to complete construction projects on time and within budget.
What is the main goal of procurement in the healthcare sector?
Sourcing medical supplies, equipment, and services to ensure quality patient care.
What does procurement involve in the education sector?
Buying learning materials, equipment, and services to support teaching and learning.
What is the primary focus of procurement in the manufacturing sector?
Sourcing raw materials and components needed for production.
Fill in the blank: Procurement in the public sector aims for _______.
transparency, fairness, and value for public money
True or False: The private sector focuses on ethical sourcing in procurement.
False
Key focus of Private Sector in procurement?
Key focus includes cost savings, supplier performance, innovation, and profit growth.
Key Focus of NGO/Nonprofit sector in procurement?
Key focus includes transparency, ethical sourcing, affordability, and meeting donor requirements.
Key focus of Public Sector in procurement?
Key focus includes following strict rules and regulations, fairness, accountability, and cost-effectiveness.
Key focus of the construction and engineering sector in procurement?
Key focus includes project timelines, safety standards, quality materials, and legal contracts.
Key focus of health sector in procurement?
Key focus includes quality, compliance with health regulations, timely delivery, and cost control.
Fill in the blank: Procurement in the education sector aims for _______.
budget management, value for money, and supporting student needs.
Key focus of the manfacturing sector in procurement?
Key focus includes timely supply, cost efficiency, and quality to keep production running smoothly.
