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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.
Government procurement in the United States is the process by which the federal government acquires goods, services (notably construction), and interests in real property.he procurement process is subject to legislation and regulation separate from the authorization and appropriation process. These regulations are included in the Code of Federal Regulations (CFR), the omnibus listing of Government regulations, as Title 48.