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This section presents the purchasing process as a cycle consisting of six major stages: 1. Forecast and plan requirement 2. Need clarification (requisition) 3. Optimal supply chain management and strategic sourcing (for both cost savings and value). Streamlining the procurement cycle and all its sub-processes. developed to accomplish the procurement process for Fairleigh Dickinson. University. view2.fdu.edu/legacy/conflictofinterestpolicypdf.pdf. “Competitive Procurement” means the process of implementing a supply solution through a controlled process that is fair and open. The competitive process 1.2 Identify who is involved in the purchasing process. A review of purchasing practices (acona.co.uk/reports/Buying+your+way+into+trouble.pdf). STANDARDISED PROCUREMENT PROCEDURES. First Edition – January 2013. Ministry of Finance and Economic Development. Issued: ______ managers An individual buying goods and services for use by their business organization. Buyers The buying staff negotiates and processes purchase orders,Most scholars of purchasing and supply management (PSM) are familiar with some form of a purchasing process model (PPM). A PPM is the visual representation