What is business procurement process?

[Good-Person]

In general terms, business procurement is generally associated with obtaining services of other business that may benefit your own business. This may also include utilising resources and products that might belong to a different business. There may be many formalities you may need to go through. So, what is business procurement?

 

[Kane]

If you are not manufacturing your own products, you will have to purchase the products you want to sell. Even if you are selling your own products, you will still need to buy raw materials. In order to run your businesses you also need to buy office supplies. YThe process of purchasing is normally referred to as procurement.