Obtaining goods or services through supplier selection, purchasing and related controls.
Procurement organizes how a business obtains goods or services from external suppliers. It connects the requirement for a purchase with decisions about suitable suppliers, quality, price and value, followed by the controls needed to complete the purchase. The work can concern production materials or services used elsewhere in the business. Purchasing is the buying activity within this broader process. Procurement also considers whether a supplier can meet the business need reliably, so a low quoted price alone does not establish that an offer provides the best value.
In job listings
Chanel’s Senior Design Manager role in Toronto included procurement within design coordination, construction project management and financial reporting. The remit covered new projects and renovations across several business areas and corporate offices in Canada, showing that procurement responsibilities can support the physical spaces a luxury business operates. Search local jobs for “procurement”.
