What is Procurement

1.

Is the process of finding, agreeing on terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process. It is used to ensure the buyer receives goods, services or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Learn more in: Procurement Strategies for Digital Supply Chains: Concepts and Best Practices

2.

The act of obtaining or buying goods and services. The process includes preparation and processing of a demand as well as the end receipt and approval of payment. Learn more in: End to End Supply Chain Planning for a Fashion Retailer in India

3.

is an important process of commercial function with long-run impact over the performance of organization, and help specialists to deal with suppliers to acquire material resources, in order to deploy in good conditions its production activity, at the best cost, quality, quantity, time, and location. Learn more in: Procurement Process and Supply Chain: Analyzing the Impact of New Technologies on Procurement

4.

Procurement is the acquisition of goods, services or works from an external source. It should include activities ranging from market scouting through to post-contract reviews. Learn more in: Shaping Mega-Science Projects and Practical Steps for Success

5.

Concentrates on the strategic process of product or service sourcing, which typically involves researching, negotiation and planning. procurement is not the same as just purchasing. Learn more in: Negotiating Across Cultures: Insights for the 21st Century

6.

Procurement is the acquisition of goods, services or works from an external source. It should include activities ranging from market scouting through to post-contract reviews. Learn more in: Shaping Mega-Science Projects and Practical Steps for Success

7.

Is defined as being the acquisition of goods and services from third party suppliers under legally binding contractual terms where all the conditions necessary to form a legally binding contract have been met. Learn more in: Social Value and Public Services Procurement

8.

The acquisition of goods and/or services at the best possible total cost of ownership, in the right quantity and quality, at the right time, in the right place for the direct benefit or use of governments, corporations, or individuals, generally via a contract. Learn more in: Medical IT Systems and Their Effect on Human Resources

9.

The act of getting or obtaining something. Procurer is one who induces or prevails upon another to do something. Learn more in: The Shortfalls of the Nigerian Oil and Gas Industry Content Act 2010 in Achieving Sustainable Development

10.

Concentrates on the strategic process of product or service sourcing, which typically involves researching, Negotiation and planning. procurement is not the same as just purchasing. Learn more in: Strategic Procurement Negotiation

11.

The buying of goods and services for a business to meet its needs. Learn more in: Factors Inhibiting Green Supply Chain Management Initiatives in a South African Pharmaceutical Supply Chain

12.

Procurement combines the functions of purchasing, inventory control, traffic and transportation, receiving and inspection, storekeeping, and salvage and disposal operations (NIGP, 1996) of both direct and indirect goods. Learn more in: The Added Value of E-Procurement for Buyer-Supplier Interaction