1 Procurement Planning—determining what to procure and when
2 Solicitation Planning—documenting product requirements and identifying potential sources.
3 Solicitation—obtaining quotations, bids, offers, or proposals as appropriate. |
4 Source Selection—choosing from among potential sellers.
5 Contract Administration—managing the relationship with the seller.
6 Contract Close-out—completion and settlement of the contract, including resolution of any open items. |