Procurement fundamentals
Procurement is the process of acquiring goods, services, or works from an external source, which we call the procurement process. It involves all the activities required to obtain goods and services, including identifying needs, tendering, evaluating suppliers, negotiating contracts, and managing supplier relationships.
Procurement is an essential part of an organisations supply chain management process. It helps organisations ensure that they have the right resources at the right time, in the right quantity, and at the right price to meet their operational needs and strategic objectives while also ensuring compliance with legal and ethical standards. Effective procurement can help organisations to operate effectively and efficiently, achieve cost savings, improve quality, and reduce supply chain risks.
Explore the content shared and you can refer to the CIPS Glossary for the definitions of any terms used.
Procurement fundamentals content resources
- descriptionBig data in procurement
- descriptionDirect and indirect procurement
- descriptioneProcurement
- descriptionHow to write a contract
- descriptionProcurement KPIs
- descriptionProcurement policies
- descriptionProcurement process
- descriptionProcurement and supply cycle
- descriptionPublic sector procurement
- descriptionSocially responsible procurement
- descriptionWhat is procurement?
- descriptionTypes of procurement
- descriptionBig data in procurement
- descriptionDirect and indirect procurement
- descriptioneProcurement
- descriptionHow to write a contract
- descriptionProcurement KPIs
- descriptionProcurement policies
- descriptionProcurement process
- descriptionProcurement and supply cycle
- descriptionPublic sector procurement
- descriptionSocially responsible procurement
- descriptionWhat is procurement?
- descriptionTypes of procurement
Procurement and supply cycle
Our procurement cycle provides everything you need to know about the key steps for procuring goods or services. The procurement cycle will guide you through the procurement process and will support you every step of the way through your procurement life cycle.
Explore the Procurement & Supply Cycle
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CIPS Templates
Explore the templates to help you save time and work smarter in your organisation.
Take a procurement for beginners training course
Procurement Skills Training
Accelerate your learning and keep your knowledge and expertise up to date with our procurement for beginners training courses.
Skills Gap Analysis
Our Skills Assessment tools provide an in-depth look at your team's procurement and supply training needs and talents.
Procurement Health check
Transform your organisation's procurement and supply function. Take the first step with our free Procurement Health check