Consideration is important factor of contract explain.
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The process of procurement is often part of a company's strategy because the ability to purchase certain materials will determine if operations will continue.
A business will not be able to survive if it's price of procurement is more than the profit it makes on selling the actual product.
USAGE EXAMPLES
The accountant stated that the budget for procurement needed to increased, so they could afford new equipment for this quarter.
The restaurant hired a new employee whose sole job was the procurement of the freshest and most inexpensive ingredients available.
The employee used his company's procurement process to find a new vendor to purchase paper from at a lower cost than the previous supplier.
The process of procurement is often part of a company's strategy because the ability to purchase certain materials will determine if operations will continue.
A business will not be able to survive if it's price of procurement is more than the profit it makes on selling the actual product.
USAGE EXAMPLES
The accountant stated that the budget for procurement needed to increased, so they could afford new equipment for this quarter.
The restaurant hired a new employee whose sole job was the procurement of the freshest and most inexpensive ingredients available.
The employee used his company's procurement process to find a new vendor to purchase paper from at a lower cost than the previous supplier.
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