GlossaryEN1 min readUpdated: Jun 8, 2026
procurement
Beyond simple purchasing, procurement is a strategic business process: sourcing the right suppliers, negotiating contracts, managing orders and payments, and controlling goods receipt and invoice verification.
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Source: https://de.wikipedia.org/wiki/Beschaffung
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Logistics Concept
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Beyond simple purchasing, procurement is a strategic business process: sourcing the right suppliers, negotiating contracts, managing orders and payments, and controlling goods receipt and invoice verification. In transport and logistics, procurement connects directly to supplier management, inventory control, and cost optimization. The efficiency of procurement operations often determines overall supply chain reliability.
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