What is Procurement Management?

 Procurement management is the strategic approach to managing and optimizing organizational spend. It involves acquiring quality goods and services from preferred vendors within a stipulated budget, on or before the deadline.


Source: https://kissflow.com/procurement-process/procurement-management-guide/

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What is Procurement?

Procurement refers to the process of identifying, shortlisting, selecting, and acquiring suitable goods or services or works from a third party vendor through a direct purchase, competitive bidding, or tendering process while ensuring timely delivery in the right quality and quantity. Source:  https://kissflow.com/procurement-process/procurement-vs-purchasing/
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