SUPPLIERS Procure-to-pay overview
The Golden Mine Projects' procurement-to-payment procedure closely resembles that of typical businesses. Depending on assessed risks, the process generally initiates with supplier identification and pre-qualification. Subsequently, it progresses through a competitive market engagement phase, bid evaluation, negotiation, contract award, and eventual issuance of a purchase order or agreement execution.
The concluding stages of this procurement process involve the supplier delivering the goods or services, followed by receipt verification, invoicing, and payment processing.