Procurement governance refers to the set of policies, procedures, and controls that govern and regulate the procurement function within an organization. It encompasses the frameworks and mechanisms put in place to ensure that procurement activities align with strategic objectives, comply with legal and regulatory requirements, and follow ethical practices.

Procurement governance includes the establishment of procurement policies and procedures, oversight and control mechanisms, risk management practices, supplier evaluation and management processes, compliance monitoring, and performance measurement. Effective procurement governance ensures transparency, accountability, and integrity throughout the procurement process, mitigates risks, fosters fair and competitive supplier relationships, and supports the achievement of organizational goals.