Procurement Basics is the process of purchasing goods or services to satisfy an organization’s operational and financial needs. This involves careful consideration of pricing, quality, delivery requirements, payment terms, and supplier relationships. It is a complex and essential process that requires effective communication and negotiation skills in order to ensure maximum efficiency. Procurement Basics helps organizations gain access to critical materials and services in an organized and cost-effective way. By understanding and managing the typical procurement process—from researching suppliers and requesting quotes to preparing contracts and following up after delivery—organizations can gain peace of mind knowing their procurement processes are efficient, cost-effective and reliable.