Procurement encompasses a range of activities involved in obtaining goods or services. What is the purpose of procurement? In general, procurement teams wor… See more

Traditionally, some businesses have used the term procurement synonymously with purchasing. But now, purchasing is often seen as just one stage in a larger, more strategic pr… See more

Procurement is an important step in understanding supply chains, because it helps a company find reliable suppliers that can provide competitively priced goods and services th… See more

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. I… See more

The procurement processgenerally involves a number of steps. The business identifies particular goods and/or services that it needs, sources the suppliers that will help the compa… See more