Q: Which of the following are steps in the procurement process? Select all that apply.
or
Q: Which of these describes a phase in the process of procurement? Choose every option that pertains.
- Initiating
- Analyzing
- Controlling
- Contract writing
Explanation: Recognizing the need for a product or service, in addition to specifying the specifications and initiating the procurement process, are all components of this phase. During this stage of the procurement process, it is necessary to evaluate possible suppliers, examine bids, and analyze choices to arrive at well-informed judgments.A formal contract is used to record the terms and conditions that have been agreed upon, which is the next stage in the contract writing process, which follows the selection of a provider.
