- July 27, 2021
- Posted by: admin
- Category: Current News
Background
Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. It generally involves making buying decisions under
conditions of scarcity. The primary role of a good procurement professional is to purchase goods and services with the best possible combination of quality, service and price. The process of procurement or purchasing does not imply a mere transaction involving a buyer and seller. It is the foundation of strong, collaborative relationships with suppliers. It requires execution on multiple fronts such as technical, commercial, legal, interpersonal and managerial. Therefore, it is imperative that
organisations employ staff with knowledge of the entire procurement process to ensure organizational success.