What is the main purpose of procurement management?

p style=box-sizing: border-box; margin: 0px; color: #2c363a; font-size: 13.3333px;Procurement encompasses the entire process of searching out, putting in place, and maintaining external vendors or suppliers. It involves making sure all products or services are acquired within budget, on time, and in compliance with company standards. The goal of procurement management is to get the best product for the lowest cost, while still meeting quality control measures./p
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p style=box-sizing: border-box; margin: 0px; color: #2c363a; font-size: 13.3333px;a style=box-sizing: border-box; color: #00acff; text-decoration-line: none; background-color: transparent; href=https://www.tyasuite.com/Procurement-to-Pay-Process target=_blank rel=noreferrerProcurement management/a&nbsp