Question

What is procurement of origin in simple words????

Answer 1

Answer:

Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement generally involves making buying decisions under conditions of scarcity.Procurement is most commonly associated with businesses because companies need to solicit services or purchase goods, usually on a relatively large scale.$\Large\mathtt{\fcolorbox{lime}{black}{\pink{xxitzcrazygirlxx1}}}$

Answer 2

Answer⤵️⤵️

• The first records of procurement come from the 1300s. The verb procure is recorded earlier and comes from the Latin prōcūrāre, meaning “to take care of” or “to look after.” This is formed from the Latin verb cūrāre, “to care for.” The English verb curate is based on a related root.