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Procurement

usgb/prəˈkjʊrmənt/Volume
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LampPro Tip 1/3
Business FocusPlay
Procurement specifically refers to buying for businesses or organizations, not personal shopping. SlideHe works in procurement, dealing with suppliers and contracts.
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Strategic ActivityPlay
In a company context, procurement involves strategy, like finding cost-effective suppliers. SlideProcurement teams often negotiate to lower costs for the company.
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Not Just BuyingPlay
Procurement includes researching, planning, and acquiring, not just the act of purchasing. SlideHer procurement role also involves quality checks of the products bought.