importance of procurement in an organization

Importance of Procurement in Manufacturing What is the Importance of Procurement in Manufacturing Industry? What is Procurement in Manufacturing? Procurement refers to an organization's strategy to acquire goods and services for ensuring successful business operations. The procurement process ensures the right materials/products/services are obtained at the right price, from the right source/vendors, in the right quantity, meeting the right specifications, and delivered at the right time to the right users. What is the importance of Procurement in Manufacturing organization?  Companies in...