Procurement events are a key part of the official business definition of procurement. They refer to the activities and processes that take place when a company or organization purchases goods or services from an external supplier. This includes activities such as issuing a request for proposal (RFP), selecting a supplier, negotiating a contract, and finalizing the purchase. Procurement events are an important part of the procurement process, as they ensure that the organization is able to acquire the goods and services it needs in a timely and cost-effective manner. They also help to ensure that the organization is able to obtain the best possible value for its money. Furthermore, they help to ensure that the organization is able to maintain a good relationship with its suppliers, as well as maintain a competitive edge in the marketplace.