ABSTRACT
Procurement is a necessary and a useful component for the local or multinational organizations. Moving in the present market, Procurement is playing a role of crucial importance in the success of globalization. This report discusses why the function of procurement has increased on such prominent basis in the present competitive global environment, as the risk of supplying critical commodities tighten. Risk factors of the procurement will be identified, and the planning and development required for the procurement will be studied. This report will also examine how organizations can form strategies to reduce these critical risk factors.
INTRODUCTION
Procurement includes all the aspects of ...
