Capex procurement is the process of acquiring goods, services, and equipment using capital funds. It follows a specific set of steps in order to ensure that these acquisitions meet the needs of the organization in an effective and economical way. This includes selecting suppliers, negotiating contracts, placing orders, and tracking deliveries. Additionally, Capex procurement often involves analyzing existing processes and making improvements as needed in order to optimize efficiency and cost savings. Ultimately, successful Capex procurement requires collaboration between departments in order to ensure that all the necessary conditions are met while achieving organizational goals.