Procurement involves every activity involved in obtaining the goods and services a company needs to support its daily operations, including sourcing, negotiating terms, purchasing items, receiving and inspecting goods as necessary and keeping records of all the steps in the process.
Procurement engineers are often employed at manufacturing facilities. A procurement engineer ensures that a manufacturing facility has all the machines, equipment, spare parts, materials, components, and supplies that it needs to operate. These goods must meet the facility’s quality and performance standards.
Support Operational Requirements and Understand business requirements:-
Buy products and services
Manage the Procurement Process and the Supply Base Efficiently and Effectively and Identify opportunities where the procurement team adds true value:
Effective purchasing strategies involve: