Challenges In Procurement are the difficulties that arise in the process of obtaining goods and services from external sources. These challenges can range from identifying the right suppliers to negotiating contracts and managing the entire procurement process. In addition, there are challenges associated with managing the supply chain, such as maintaining quality standards, managing inventory, and managing the flow of goods and services. Furthermore, there are challenges associated with the cost of goods and services, such as understanding the pricing structure, negotiating prices, and understanding the terms and conditions of contracts. Finally, there are challenges associated with the payment process, such as understanding payment terms, managing accounts receivable, and managing cash flow. All of these challenges can have a significant impact on the success of a business, and it is important to understand them in order to effectively manage the procurement process.