Procurement Function And Its Fundamental Impact on the Success and Continuity of the Organization
The procurement function represents an important activity in various projects for its main role in providing hundreds of items, materials, tasks, and requirements required by production conditions. This function is not only a set of steps or operational procedures to complete the purchase order but also holds a high place in the organizational maps in both productive and service projects. The role of procurement management in obtaining tasks and materials in the right quantity and from the right source of purchase, price, quality, and at the right time has a substantial weight to influence the ratio of profits and performance economics of the organization. The Definition of The Procurement Function It is the activities that help the organization to get various needs like materials, tasks, supplies, machinery, and equipment in the right quantity, quality, price and time and from the appropriate source in order to achieve the continuation of production and operation processes, in accorda...