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7 Rights of Procurement: Ensuring Successful Procurement Every Time | iSource India 2 года назад


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7 Rights of Procurement: Ensuring Successful Procurement Every Time | iSource India

Procurement is the process of identifying, obtaining, or acquiring goods and services. It includes sourcing, purchasing, and covers all activities in P to P Cycle. Today we will look at 7 R – 7 Rights of Procurement. Right Price Right Quantity Right Quality Right Time Right Place Right Terms Procurement is a crucial process for any business, ensuring the right goods and services are acquired efficiently. In this video, iSource India breaks down the '7 Rights of Procurement'—a framework for successful procurement that includes the right price, quantity, quality, time, place, and terms. Learn how mastering these 7 Rights can streamline your purchasing process and optimize your procurement cycle from sourcing to payment. Watch now to understand how each of these key elements contributes to better procurement decisions and operational success. Subscribe to our channel for more insights into procurement, sourcing, and supply chain management. #Procurement #Sourcing #7RightsofProcurement #iSourceIndia #Purchasing #SupplyChainManagement #ProcurementTips #BusinessSuccess #EfficientProcurement #SupplierManagement #P2PCycle #SupplyChainOptimization"

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