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- There are four types of procurement12:
- Direct procurement: This type of procurement directly impacts your business’ revenue and growth. It refers to the obtainment of goods, materials or services a business can use to generate profit through the production of an end-product or resale.
- Indirect procurement: This type of procurement refers to the obtainment of goods, materials or services used internally for support of daily operations.
- Services procurement: This type of procurement is used by businesses that do not operate in the same way.
- Goods procurement: This procurement process refers to acquiring physical items.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.4 Types of Procurement
- 1. Direct Procurement This type of procurement directly impacts your business’ revenue and growth. ...
www.bluecart.com/blog/what-is-procurementTypes of procurement
- 1. Direct procurement Direct procurement is the obtainment of goods, materials or services a business can use to generate profit through the production of an end-product or resale. ...
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Procurement can be categorized in several ways. It can be classified as direct or indirect procurement, depending on how the company will use the items being procured. It can also be categorized as goods or services procurement depending on the items that are being procured. 1. Direct procurement refers to … See more
Procurement encompasses a range of activities involved in obtaining goods or services. What is the purpose of procurement? In general, procurement teams work to obtain … See more
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