Procurement - Process
Procurement
The organised process of finding and buying goods or services for an organisation
What's it for?
Helps an organisation buy goods and services at the right cost, quality and level of risk.
For example…
Before buying a new analytics tool, procurement runs a competitive process and negotiates data-protection and exit clauses
Procurement runs a competitive tender for a new CRM, evaluates suppliers on price, capability and risk, and negotiates the final contract
Think of it like…
Careful shopper with a household budget and a preferred-supplier list—not impulse buys on the company card