The procurement process for utilities begins with asset needs and ends with payment - on the way are sourcihg, evaluation, contract placement, fulfilment, receipting and invoicing. All these steps should be tightly integrated together, and business solutions need to support each process. The ideal system combines contract and supply agreement functions, with inventory management, procurement, transport and e-business components, providing an end-to-end supply chain management for maintenance, repair, operations (MRO) supplies and services.
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