Procure Companies in Malaysia

Procurement in Malaysia is the process of acquiring goods, services or works from an external source. It is an important function within an organisation as it is responsible for ensuring that the organisation obtains the best value for money when acquiring goods and services.

The procurement process in Malaysia generally follows these steps:

1. Planning: The first step in the procurement process is to identify the goods or services that are required. This includes considering the specification of the goods or services, the quantity required and the timeframe for delivery.

2. Source selection: Once the requirements have been identified, the next step is to select the source from which the goods or services will be procured. This includes considering the reputation of the supplier, the price of the goods or services and the delivery timeframes.

3. Contract negotiation: Once a supplier has been selected, the next step is to negotiate the terms of the contract. This includes agreeing on the price, delivery date and any other terms and conditions that are relevant to the procurement.

4. Contract execution: The final step in the procurement process is to execute the contract. This includes making the payment to the supplier and taking delivery of the goods or services.