Procurement Framework

A procurement framework is a structured process that organizations use to acquire goods and services efficiently and fairly. It outlines the methods, policies, and procedures for selecting suppliers, negotiating contracts, and managing purchases. The framework ensures transparency, consistency, and compliance with regulations, helping organizations get quality products at the right price while minimizing risks. Think of it as a detailed plan or toolkit that guides how an organization sources what it needs, from initial requests to final payment, ensuring responsible and effective procurement practices.