oboloo

oboloo Glossary

Procurement Activities

oboloo Glossary

Procurement Activities

Procurement activities are the processes involved in obtaining goods and services for an organization. It is the process of identifying, evaluating, and acquiring goods and services from an external source, such as a vendor or supplier. The goal of procurement activities is to ensure that the organization obtains the best value for its money and resources. It involves researching potential vendors, negotiating prices, and ensuring that the organization is compliant with all applicable laws and regulations. Procurement activities also involve managing the relationship between the organization and its vendors and suppliers, including monitoring the quality of goods and services provided. In addition, procurement activities include developing and implementing strategies to ensure that the organization obtains the best value for its money and resources. By properly managing procurement activities, organizations can reduce costs, improve efficiency, and increase customer satisfaction.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971