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Procurement management is the systematic approach used for buying all the goods and services needed for a company to stay sustainable.
very similar to the term âprocurementâ and might be a synonym, but other common terms generally relate to just part of the overall process captured by procurement.Strategic procurement is one, it relates to the strategies and mechanisms used to approach and interact with the supply market that take account not just of present business needs but also what the organisationâs business future needs might be. Strategic procurement requires an active approach