According to the Harward Business Review , "Procurement is the process of finding, agreeing terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process."

In this podcast, I am speaking to Eshwar and Deepak on some of the basics of procurement where we cover :

1. Definition of Procurement
2. Purchasing Vs Procurement
3. Subsets of Procurement
4. Sourcing

Also, please listen closely to the case studies where Deepak explains how cost control is not only the end goal of every procurement actions but it's all about value creation.

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