Procurement refers to the process of acquiring goods, services, or works from external sources to meet an organization's needs. It involves activities such as sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring timely and cost-effective delivery of the required resources. Procurement plays a crucial role in optimizing supply chain operations, controlling costs, mitigating risks, and ensuring the quality and availability of necessary inputs. It encompasses strategic decision-making, market analysis, supplier evaluation, and the implementation of best practices to achieve value for money and support the organization's objectives. Effective procurement practices contribute to operational efficiency, competitiveness, and overall organizational success.