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It is betterforeveryoneif a purchasingprocess is optimized. There is always room forimprovement. It is important todividetheprocessintophasesandto look at eachphasewhereimprovement is needed. Whatphases does thepurchasingprocessconsist of? Andhowcanitbe made more efficient? Phases of thepurchasing process The purchasingprocessconsists of 6 phases, which we have listedforyou below. Specify (thepurchasingrequirement)Select (fromthesuppliers)To contractPurchaseMonitor the...