Procurement Model is a term used in the business world to refer to the process of obtaining goods and services for a particular business or organization. It is important for a business to have an effective procurement process in order to ensure that it is getting the best deal possible. A procurement model should include the methods with which the organization will determine which goods and services it needs, who it will buy them from, and how much it will pay for them. This process also requires an understanding of the company’s goals and objectives, as well as a clear plan for how the procurement process should be carried out. In order to ensure that the procurement process is as efficient as possible, it is important to determine the right sources for the materials and services needed. This includes researching potential vendors, analyzing costs and benefits, and negotiating with suppliers. It is also important to consider other factors such as customer service,