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Procurement management is the systematic approach used for buying all the goods and services needed for a company to stay sustainable.
For procurement in prostitution, see Procuring (prostitution). Procurement is the act of finding, acquiring, buying goods, services or works from an external source, often via a tendering or competitive bidding process. The process is used to ensure the buyer receives goods, services or works at the best possible price, when aspects such as quality, quantity, time, and location are compared.