Supply Chain Purchasing is the process of acquiring goods and services from the most efficient and cost-effective sources. It involves identifying, locating, evaluating, negotiating, and ultimately selecting suppliers to ensure the best possible value in terms of quality and price. Ultimately, it’s about creating an effective and profitable supply chain network to ensure companies have access to materials and services necessary for success. By managing their purchasing process in a strategic way, businesses can improve productivity, increase profitability, and strengthen customer relationships.