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oboloo Glossary

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oboloo Glossary

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ITT 

‘Procurement’ is the process of acquiring goods or services, typically through a request for proposal (RFP) or competitive bidding process. The RFP may be released by a government entity, non-profit organization, or private company. The objective of procurement is to ensure that the buyer receives goods or services at the best possible price, while also ensuring that the supplier meets all quality and delivery requirements.

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