Procurement is the process of finding and acquiring goods, services, or works from an external source, usually with the intention of meeting an organization’s needs. It involves identifying what is required, locating potential sources, negotiating terms and conditions, and completing a purchase or agreement. In an effective procurement system, organizations strive to ensure not only that they get the best value for money but also transparency and fairness in the procurement process. Engaging with suppliers responsibly and ethically encourages trust and helps build mutually beneficial relationships in the long term.