The official business definition of Is Procurement Part Of Supply Chain is that it is a process that involves the acquisition of goods and services from an external source, with the aim of meeting the needs of an organization. Procurement is a critical part of the supply chain, as it is responsible for ensuring that the organization has the right products and services at the right time and at the right price. It is also responsible for managing the relationships between the organization and its suppliers, ensuring that the goods and services are delivered on time and at the right quality. The procurement process includes activities such as supplier selection, negotiation, contract management, and supplier performance management. It is important to note that procurement is not just about buying goods and services, but also about managing the relationships between the organization and its suppliers.
