1 Hundreds of different companies have plated items with silver for hundreds of years, usually using different amounts of silver. 2  You could own silver-plated flatware or holloware that was manufactured 200 years ago, 100 years ago, or 10 years ago.
Direct procurement refers to third party services and goods that are part of-, or used in the manufacturing, of the organizationâs products and or services. Indirect procurement refers to categories of goods and services that are supporting the organizationâs business processes.
Importantly, and distinct from âpurchasingâ, procurement involves the activities involved in establishing fundamental requirements, sourcing activities such as market research and vendor evaluation and negotiation of contracts.