oboloo

oboloo Glossary

Procurement Program

oboloo Glossary

Procurement Program

A procurement programs is an essential part of any business. It’s designed to ensure that the company is able to acquire the necessary goods and services to meet its operational needs.

A procurement program is a comprehensive set of processes and procedures that ensure the efficient and effective acquisition of goods and services. This includes everything from the initial identification of needs, to the evaluation of potential suppliers, to the negotiation of contracts and the management of the entire process. It also includes the tracking of all purchases and the maintenance of a record of all contracts and agreements.

A successful procurement program will help to ensure that the company is able to acquire the best quality goods and services at the most competitive prices. It will also help to reduce costs and increase efficiency, while ensuring that the company is able to meet its operational needs.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971