What is procurement? Meaning, steel procurement process and more

Vaibhav Vals Raj28 Jul, 2024Business

Procurement is an essential process for maintaining efficiency in business operations and in staying competitive. The right procurement strategy can enable businesses to optimize resources, minimize wastage, reduce costs, and improve overall efficiency. Learn about procurement, how it?s different from sourcing, procurement processes in manufacturing, and other crucial aspects to it that make it an important facet in today's business landscape.