What is Procurement

Last edited 297 days ago by Jimmy Hallsworth

What is Procurement?

In simple terms, procurement for a business is like shopping for everything it needs to operate. It involves finding, buying, and managing all the goods and services necessary for the business to function smoothly. This includes everything from raw materials and office supplies to hiring contractors and SaaS. Procurement aims to get the best tool for the best price. It's a behind-the-scenes process that keeps a business running by making sure it has what it needs when it needs it. Procurement is often overlooked in organizations as something that comes later in a company’s growth.

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