An Introduction to Procurement and Its Evolution
What Is Procurement?
Procurement is a key function across industries. Regardless of sector, be it public, private, or third, procurement has an important role to play.
Public sector procurement is responsible for the spend of government-run organizations, and as such, has a large responsibility to manage that spend, which is the tax payers’ money, with care and due diligence in accordance with strict policies and procedures.
Private sector procurement is responsible for managing the expenditure of a large variety of organizational spend, which includes everything from retail to insurance to manufacturing. Private sector procurement is not as stringently regulated as Public sector procurement, ...
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