An Overview of Procurement Management
At TZD Global, procurement is a formal process to obtain goods and services as per the Client requests. Procurement practices at TZD Global always comply with laws, rules and regulations that specifically each step of the procurement process. Additionally, if the work or result of the service is regulated (as in oil & Gas, Petrochemical, Medical, Pharmaceutical, Food manufacturing or Construction for example) the laws and regulations must be adhered to.
When a client is planned for a project, then the scope is analyzed to determine whether the entire project scope can be completed internally or if any of the work, deliverables, materials, equipment’s etc will need to be outsourced. This analysis results in make or buy decisions. If one or more procurements are needed, then the client procurement department gets involved in the project to manage the procurement process through TZD Global procurement specialists.
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