SUPPLIERS Procure-to-pay overview

Procure-to-pay overview

Outline of Gold Fields’ procure-to-pay process

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.

Phase 1
Supplier identification and classification
Phase 2
Supplier prequalification
Phase 3
Engaging the market
Phase 4
Evaluate – negotiate – award
Phase 5
Release PO – execute agreeement
Phase 6
Provision of goods and services
Phase 7
Receipt, invoicing and payment