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Procurement

Procurement is the act of acquiring goods and services for business purposes. The whole process of Procurement involves demand assessment, bid reviews, purchase planning, standards and specifications determination, supplier research, and more.

Procurement is an important part of the life of any company as it ensures the firm makes a good investment at a good cost.

Glossary terms starting with the same letter

p
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  • Pro rata

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  • Positioning Statement

    Positioning Statements are used by sales reps when opening a sales call do directly addressing prospect’s pain point showing the benefit and the...

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  • Profit Margin

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