Procurement: Buying for an Organization
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Procurement refers to the organized method an organization uses to obtain needed goods or services. Goods are physical items such as desks, computers, or kitchen equipment. Services are tasks performed by outside workers, such as repairs, cleaning, delivery, or installation. A supplier is the person or business that provides those items or work. Procurement covers the full process: identifying the need, comparing quotes, agreeing on terms, ordering, and checking the results.
The procurement team compared three refrigerator proposals before placing the order.