Best Practice Procurement Cycle
A best practice procurement process could include all of the following steps or be shortened to suit the needs of the business or the item being procured. In larger and government regulated organisations the need to comply with rules and guidelines will dictate minimum procurement standards.
Whether you are heavily regulated or just need a quick competitive request for quotations, Triber is quick, low cost and easy to use.
Procurement Lifecycle
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Manage via Triber Procurement Platform
Other Tools / Processes

Business has an Idea/Opportunity/Obligation/ Preferred Suppliers


Business Creates a request for quotations, proposals, tenders, information


Procurement Invites Suppliers


Suppliers Receive Invitation


Suppliers Seek any clarifications


Business/Procurement may update Documentation


Suppliers Provide Responses


Procurement Tracks status of responses


Procurement Closes the Request


Business/Procurement review responses


Business/Procurement and Suppliers exchange questions, answers, ancillary documents


Business/Procurement select & notify the successful Supplier via Triber


Business/Procurement notifies unsuccessful Suppliers


Procurement Upload purchase/services documentation for signature


Procurement issue Purchase Order to Supplier via Triber


Business obtains goods or services


Supplier Paid
