Procurement serves as a critical link between members of the supply chain.

Question

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Procurement plays a crucial role in connecting suppliers and customers within the supply chain. It involves processes such as sourcing, purchasing, supplier management, and logistics, which are essential for ensuring that goods and services are delivered on time, at the right quality, and at the best possible cost. Effective procurement can enhance the efficiency, profitability, and competitiveness of businesses, as well as build strong relationships with suppliers and promote sustainability and innovation in the supply chain.

Procurement Serves as a Critical Link Between Members of the Supply