Procurement to pay process

Forecast and plan requirement

Raw materialso Subassemblieso Finished goodsServices Ongoing need vs. spot buy

Need clarification

Description of required material or serviceo Quantity required

Estimated unit cost

Operating account to be charged

Date of requisition

Date required

Authorized signature

Need only these points to be done from following case study

Make a Procurement Plan for a dinner event to raise funds for a charity of your choice.

Required as a part of the plan is the "procurementprocess" for the Fundraiser Charity Event, giving details of each step along with reasoning& justifications.

Starting from the SOW for procurement, requirement analysis, Supplier selection, contracts/RFQ's, receiving items (Controlling / monitoring) to payments & closing-measuring performance

The procurement plan/process is required for all items to be procured; requirement-wise there will be a difference in the process for vendors/suppliers.

As required to make a Procurement Plan,write an introduction on the type of dinner you have planned for to raise funds (included in your report). Expenses are to be budgeted to a maximum of $30,000 while generating a profit of $10,000 (to be donated to the charity of choice). include entertainment, an auction or any other theme for the event.

Limit guests to 250 seating/ 25 tables. Sponsors or donations if used should follow a process for acquisition. Same as for other requirements like venue, catering, decoration, tickets, security etc.