Procurement Value Chain is a concept of understanding the systems, people, processes and technology related to procurement. It looks at how data flows through an organization from the moment there is a need for products or services, right up to when payment is made to the supplier. Every step in the procurement value chain has tasks that must be completed to ensure accuracy and efficiency, such as scoping out requirements and evaluating suppliers. By breaking down the process into its many components, organizations can identify problems and opportunities and create strategies to maximize value.