Resource Origin: Stewart, Cooper & Coon

Author: Fred Coon

“Procurement is a function of business management that encompasses purchase planning, identifying and selecting vendors, establishing payment terms, standards determination, specification development, strategic vetting, value analysis, financing, selection and negotiation of contracts, purchasing, and inventory of external resources which an organization may need in order to accomplish its strategic objectives…”

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Originally published at: https://stewartcoopercoon.com/how-a-top-procurement-strategy-will-benefit-your-company/