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In a few words: What is the purpose of the procurement process?

In a few words: What is the purpose of the procurement process?

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Procurement is the process of acquiring the goods or services from outside of the firm through tendering. It refers to finding a proper tender and getting into a contract with him by agreeing on the terms with them and then acquiring their goods or services. The procurement process's purpose is to find an appropriate trader for procurement by analyzing the various factors such as price, location, etc. The main motive of the procurement process is to make buying decisions.

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