Procurement Governance

Procurement governance refers to the framework of rules, processes, and policies that guide how an organization acquires goods and services. It ensures that purchasing decisions are made transparently, ethically, and efficiently. Good procurement governance helps organizations achieve their goals while managing risks, ensuring compliance with laws and regulations, and promoting fairness in supplier selection. By establishing clear guidelines, organizations can enhance accountability, reduce waste, and ensure that public or corporate resources are used effectively for the benefit of stakeholders.