Procurement Regster

Procurement Register

A Procurement Register is simply a place where project teams record all of the items that have been procured or purchased from an external supplier to the project. The Register basically lists all of the items that have been purchased from suppliers. Other details which are included are the quantities of the items, price paid, suppliers from which item obtained, the order details and finally the payment details. You should always use a procurement register to record the items which have been obtained from suppliers because it enables you to be able to monitor and control every item purchased externally to the project.

Procurement Register is the central place that all of your project procurement information resides.

It allows you to keep a record of all goods and services purchased from suppliers, throughout the project life cycle.

By recording your project procurement information in one place, you can easily identify and report the status of your project procurement at any time.

This Procurement Register records the following types of information:

* Purchase Order number and purchasing date

* Name and description of all items purchased

* Quantity and unit price of purchased items

* Details of the suppliers and orders made

* Payment status and payment details

By using this Procurement Register you can:

* Monitor and control all purchases made within the project

* Report the total expenditure from all suppliers

* Quickly identify any procurement issues

* Track all outstanding payments

The procurement function is typically one of the highest risk areas in a project. The reason is that the suppliers’ performance will often affect the overall performance of the project, so tracking the supplier procurement becomes a project-critical activity. You can track a supplier’s delivery performance quickly and accurately, using this Procurement Register.

This Procurement Form will also help you to ensure that...