Procurement Practices

Procurement is the acquirement of goods, services or works from an outside source. Procurement practices is favorable that the goods, services or works are suitable and that they are procured at the best probable cost to meet the needs of the acquirer in terms of value and quantity, time and location. Corporate procurement practices rely heavily on total sourcing these days. With the virtual world fast emerging as the new place of work, it has become relatively easier to get in contact with suppliers all across the world and get the top rates.