How many times does someone ask you what does procurement mean?

January 31st, 2011

This author is asked all of the time when I am queried on what I or we do. So what is procurement or what is e-procurement and who in a company is impacted by it?

It really is a curious question; pretty much along the same line as what is spend management. Well my answer might create more questions, but all of the following job areas within your company are probably involved or impacted by procurement or e-procurement?

6.?Materials Management
7.?Inventory Management
8.?Supply Chain

There are certainly many more areas of a company that have procurement or? e-procurement connections, but the above probably give you a pretty good idea of the breadth of involvement within any company. In fact, I can?t think of a job that is not impacted by procurement. Maybe I should just say we save every department in your company money every day.

We look forward to and appreciate your comments.

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