📚 Project Vocabulary: Procurement 🛒
Definition: The process of acquiring goods, services, or works from external sources to support project delivery. It involves activities such as vendor selection, contract management, and performance monitoring.
Example: In a construction project, procurement would involve sourcing and purchasing the necessary materials, equipment, and services from suppliers and subcontractors.
Procurement is like a savvy shopper, always looking for the best value and quality to support the project’s needs. 🛍️💰
#ProjectProcurement #VendorManagement #BestValueDelivery #AcutePMC #vocabulary #work
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