Procurement management

Procurement is the process to procure the material and services to produce the production and services.
So basically there are a lot of diffrence in the service procurement and material procuremen
For material procurement management the following important categories play a important role-Procurement Management treats the term 'Procurement' as an umbrella, embracing a series of building blocks, of which four in particular -
* Logistics and Inventory Management
* Internationalisation of Business, Sourcing and Competition
* Integration of Supply Chain Operations, leading to development of Procurement as a source of Profitability and Competitiveness
* Integration of Supply Chain Management with corporate Marketing Orientation

These are the main points which cover the complete supply chain management which are required for the procurement.