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hankinta

Hankinta is the Finnish term for procurement or acquisition, referring to the process by which organizations obtain goods, services, or works needed for their operations. It covers planning, market analysis, sourcing, tendering and contract award, delivery, payment, and post-award contract management. The concept applies in both private-sector purchasing and public-sector procurement, and is a core function of supply chain management.

Procurement can be categorized by object and by method. Objects include tangible goods, services, and construction

Typical process stages include identifying a need and creating specifications aligned with budget, conducting market analysis,

In public procurement, hankinta is governed by rules intended to promote competition, equal treatment, nondiscrimination, and

Key considerations include total cost of ownership, risk management, sustainability, and supplier diversity. Common challenges involve

works.
Methods
include
direct
purchasing,
competitive
bidding
or
tendering,
and
framework
agreements
that
set
terms
for
recurring
purchases.
Digital
and
e-procurement
tools
are
increasingly
used
to
streamline
processes.
and
searching
for
suppliers.
Procurement
documents
such
as
requests
for
information,
requests
for
quotation,
and
requests
for
proposal
are
issued,
and
bids
are
evaluated
against
predefined
criteria.
After
negotiation,
a
contract
is
awarded
and
subsequently
managed,
with
performance
monitored
and
relationships
maintained
throughout
the
contract
life
cycle.
transparency.
Thresholds
determine
the
required
level
of
competition,
and
evaluation
criteria
emphasize
price,
quality,
delivery,
and
sustainability.
The
rise
of
e-procurement
has
further
standardized
and
digitalized
many
procedures.
regulatory
compliance,
potential
procurement
fraud
risk,
and
balancing
long-term
contracts
with
evolving
organizational
needs.
Etymologically,
hankinta
translates
to
procurement
or
acquisition
in
English
and
appears
in
related
terms
such
as
hankintamenettely
(procurement
procedure)
and
hankintalaki
(procurement
law)
in
Finland.