Procurement is the process of sourcing and obtaining goods, services, or works from an external source. It involves identifying, evaluating, and managing vendors as well as negotiating contracts, monitoring performance, and managing relationships with suppliers. MRO (Maintenance, Repair, and Operations) in procurement covers the acquisition of parts and supplies needed to maintain, fix, and operate all types of equipment or industrial machinery. The goal of MRO procurement is to determine the most cost-effective supplier for goods and services that meet quality standards and time frames. By properly managing MRO procurement, companies can save money and ensure that necessary maintenance activities are carried out in a timely manner.