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Procurement Professionals

oboloo Glossary

Procurement Professionals

Procurement Professionals are essential to the success of any business, as their job involves the acquisition of goods and services for the company. The official business definition of a Procurement Professional is someone who is responsible for the identification, selection, and negotiation of suppliers and service providers for the company. They are expected to source various vendors and providers, determine the best value for the company, and ensure that all agreements adhere to the company’s policies and standards. Procurement Professionals are also responsible for evaluating and selecting suppliers and contractors, negotiating contracts, and managing the coordination of delivery and payment of goods and services. They must have a good understanding of the company’s needs in order to identify the most cost-effective solutions that will best fit the company’s needs and goals. They should also be well-versed in the latest developments in the industry,

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