Question:

What is Procurement?

by Guest1207  |  12 years, 8 month(s) ago

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What is Procurement?

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  1. Guest4628
    The fact is that just about everyone engages in the act of procurement. In its most basic form, procurement is nothing more than the steps that are used in the acquisition of goods and services. From this perspective, all consumers participate in the process of procurement. Whether for business or for the home, there are progressive steps that we all follow as we work toward procuring those items that we desire. Here is some information about the steps of procurement, and how they ultimately lead us to the satisfaction of our needs and desires.


    The beginning step in the process of procurement is the recognition that there is a need or want for a particular good or service. Before there is a chance for the acquisition of goods, there has to be the desire to actually gain possession of something in particular. Without recognizing the want or need, there is no reason to pursue any of the following steps that ultimately lead to a purchase. In short, if there is no desire, there will be no procurement.

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