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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.
Procurement refers to the aspects of project management related to obtaining goods and services from outside companies. It does not refer to other internal organizations within your own company. (For the purposes of this discussion, purchasing and procurement are equivalent terms.) While procurement is an area into which a project manager will give input, in many, and perhaps most companies, it's an area that the project manager doesn't own.