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Procurement, in simpler terms, is the process of acquiring the right goods and services, at the right time, and at the right price. It involves everything from identifying needs, sourcing suppliers, negotiating contracts, managing deliveries, and ensuring quality. Essentially, it's about securing the resources your organization needs to operate effectively and efficiently.
In this Episode of EssAnnPee Knowledge Series, Let's Understand about PECIS© Model of Procurement Developed by the Author.
SN Panigrahi
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