Procurement is the process of collecting, storing, and physically distributing products to buyers.

Question

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Procurement is the process of obtaining goods or services through various methods such as purchasing, leasing, contracting, and outsourcing. It may involve selecting the right suppliers, negotiating contracts, and managing supplier relationships. While procurement may involve storing and physically distributing products, this is not the primary focus of the process.

Procurement Is the Process of Collecting, Storing, and Physically Distributing