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Ebuyerassist procurement10/30/2023 ![]() ![]() In the 18th century, the industrial revolution led to the rise of a particular labor section known as the ‘material men’ who had skills to procure material from the suppliers. The procurement software ensures that the purchase of goods and services are of the right quality, quantity, price, place, and time. Businesses can use procurement software to enhance the speed of the procurement process and transform this complex and chaotic process into a simplified and organized one. As the procurement process is a complicated one, the modern approach is to take advantage of the software tools available in the market to simplify it. With billions of dollars spent on infrastructure projects undertaken by the governments and the corporate giants around the world, procurement has undeniably become a very important business function. Today, procurement covers all the systematic phases by which companies procure goods and services for their business needs. ![]() In modern times, the role of procurement is seeing a transformation from a clerical level to a strategic and management one. The earliest instances of procurement can be found in the Egyptian history, dating back to 3000 B.C. Pro means ‘on behalf of’ and curare means to 'take care of.' It had roots in the ancient period when development activities started in the world. The word procurement itself comes from the Latin pro+curare. Procurement is not a recently developed concept. In simple words, procurement is a process of acquiring goods and services for your business in an optimal way. Procurement is the business activity that identifies and sources those external resources via a systematic and competitive process. All businesses need resources to run their operations and achieve their strategic vision. ![]()
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