Procurement system requirements are the criteria or conditions that must be met in order for an organization to purchase goods and services from suppliers. These requirements lay out what the supplier needs to provide and at what cost. The procurement system requirements can cover a wide range of topics, including the quality standards for products and services, the time frame for delivery and payment terms among others. It is essential for businesses to clearly define their procurement system requirements in order to ensure smooth transactions with their suppliers. Defining these requirements helps organizations minimize cost and maximize efficiency in the supply chain process.