Procurement Management

Oversees all processes involved in acquiring the products, materials, goods and services​

There are three main types of procurement activities: direct procurement, indirect procurement, and services procurement.

• Direct procurement: involves the direct purchase of raw goods, machinery, and wholesale goods that directly contribute to the company’s end product. The key stakeholders in direct procurement processes are procurement officers and contracted suppliers.

• Indirect procurement: involves the purchasing of goods like office supplies. These goods don’t directly affect the company’s end product or bottom line, but they support the day-to-day management of the business.

• Services procurement: This type of procurement can involve hiring temporary staffers, leasing software, and bringing in short-term vendors to work at an event or seminar.

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