Customer Procurement is the process of acquiring goods and services from an external source. It is the official business definition of the activities that are involved when a company purchases goods and services from another entity. This can involve a wide range of activities, from researching potential suppliers, to negotiating contracts and agreeing on prices. Effective customer procurement can ensure that a company can obtain the best quality items at the most competitive prices. It is also important for ensuring that the organization is getting value for money, as well as not overspending. The process of customer procurement requires careful consideration when selecting suppliers, as well as the terms and conditions of the agreement. It is important to ensure that the supplier can supply the goods and services in a timely manner, as well as at a good quality.