Final answer:
The 7 steps of the procurement process are: identifying the need for procurement, planning the process, soliciting bids/proposals, evaluating bids/proposals, selecting a supplier, creating a contract, and managing the contract.
Step-by-step explanation:
- Identify the need for procurement
- Plan the procurement process
- Solicit bids or proposals
- Evaluate bids or proposals
- Select a supplier
- Create a contract
- Manage the contract