Question

What is procurements???​

Answer 1

Hey there!

Answer:

• Procurement is the process of purchasing goods or services and is usually in reference to business spending.

• Business procurement requires preparation, solicitation, and payment processing, which usually involves several areas of a company.

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Answer 2

Answer:

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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.

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Explanation:

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