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The six stage loop of procurement

NM136045 • Jun 14, 2024

Effective procurement requires careful investigation, evaluation of providers, and expectations of supplier performance.

Effective procurement requires careful investigation, evaluation of providers, and expectations of supplier performance.


You’ll also need to measure and review the effectiveness of the process regularly. 📈


There are six key stages of procurement and the entire process is cyclical. This means that when it’s complete, you should restart to make sure it still works for your business. 🫡


Take a look at the six steps and for ways to improve your procurement performance, get in touch with our experts. 

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