oboloo Glossary

Logistics Procurement

oboloo Glossary

Logistics Procurement

Logistics procurement is an important part of the business process that involves the acquisition of goods and services from suppliers. It is the process of obtaining the necessary materials, supplies, and services from outside sources in order to meet the needs of the organization. This includes the selection of suppliers, negotiation of prices, and the establishment of contracts. Logistics procurement also involves the coordination of transportation, warehousing, and other services necessary to get the goods and services to the end user. Logistics procurement is an important part of the supply chain management process, as it ensures that the right materials, supplies, and services are obtained at the right time and at the right price. Logistics procurement is a critical part of the business process, as it ensures that the organization has the necessary resources to meet its objectives.