Services Procurement

Services procurement refers to the process organizations use to acquire various services from external providers, such as consulting, maintenance, or IT support. Unlike purchasing physical goods, services procurement involves selecting and managing suppliers who will deliver expertise or support tailored to the organization's needs. This process includes identifying requirements, evaluating potential providers, negotiating contracts, and ensuring quality delivery. The goal is to effectively obtain the right services at the best value while fostering good relationships with suppliers to achieve long-term success.