Procure-to-pay overview

Gold Fields' procure-to-pay process is similar to that of most businesses. Dependent on assessed risk, the process typically commences with supplier identification and pre-qualification, followed by a competitive market engagement process, bid evaluation, negotiation, award and eventual release of a purchase order or execution of an agreement.

The final phases of the procure-to-pay process require the supplier to deliver the good(s) and/or provide the service(s), followed by receipt, invoicing and payment.