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Organizing Is the Process of Delegating and Coordinating Tasks and Allocating

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Organizing is the process of delegating and coordinating tasks and allocating resources to achieve objectives.


Definitions:

Request For Tender

A formal, structured invitation to suppliers to submit a bid to supply products or services.

Defined Scope Of Work

A detailed description of the tasks, deliverables, timelines, and expectations for a project, agreed upon by stakeholders.

Procurement Organization

An entity or department within a company responsible for acquiring goods, services, and contracts to meet the needs of its operations.

RFQs

Requests For Quotations, documents issued by a buyer to suppliers, asking them to provide a price quote for a specified product or service.

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