Capital Procurement

Capital procurement refers to the process of acquiring long-term assets or investments that a company needs to operate and grow, such as machinery, buildings, or technology. This process involves evaluating options, negotiating prices, and selecting suppliers to ensure the organization gets the best value for its money. Effective capital procurement ultimately supports a company's strategic goals by acquiring essential resources that can enhance productivity and efficiency over time. Essentially, it's about making smart purchasing decisions for significant, long-lasting purchases that will benefit the company in the future.