Procurement Operations Definition

Procurement operations are the activities and processes associated with the acquisition of goods and services. The purpose of procurement is to ensure that the organization obtains the necessary goods and services in a timely and cost-effective manner.

The main activities involved in procurement include:

-Identifying the organization’s needs

-Selecting suppliers

– Negotiating prices and terms

– placing orders

– Managing supplier performance

Procurement operations also encompass other activities such as contract management, quality assurance, and logistics.