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Provide a brief introduction on all steps involved in Procurement process?
1. Purchase requisition or purchase Indent.2. Floating the purchase enquiry/tender.3. Receiving quotations.4. Opening the quotation, tabulating and analysing.5. Short listing promising vendors/suppliers.6. Technical evaluation.7. Commercial negotiation.8. Purchase order release.9. Pre-delivery inspection.10. Check deliveries, installation testing and commissioning.11. Certification of supplies.12. Payment for supplies.
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a firm isconsidering replacement of a machien, whoes cost price is rs 12200 and scrap value is rs 200 the running cost is rupee given below year running cost 1 200 2 50
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