Procurement plays a crucial role in ensuring that the right materials and services are obtained at the right price, quality, and time, supporting the overall success and efficiency of the business. Procurement can involve purchasing raw materials, equipment, or even outsourced services, and it works closely with other departments like finance, operations, and marketing to ensure alignment with business objectives.
Procurement has traditionally been seen as a back-office function, with little visibility or involvement in strategic decision-making. However, this perception is changing, as businesses increasingly recognise the value of procurement in driving cost savings, innovation, and operational efficiency.
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