Which four procurement cycle stages happen after the award of the contract?
The Answer Is:
Answer:
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Explanation:
The procurement cycle is the heart of purchasing, sourcing and supplying and should be followed in day-to-day practice in the industry. The procurement cycle has thirteen stages. Contract award is stage 9, and the stages after the contract award are;
Stage 10: ware house, logistic and receipt
Stage 11: Contract performance review and continuous improvement
Stage 12: SRM/SCM and contract management
Stage 13: Asset management, lessons learned, end of life.
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