Luxury Lexicon A definition

Procurement

Obtaining goods or services through supplier selection, purchasing and related controls.

Procurement organises 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

Burberry’s Procurement PO Analyst role in Leeds focused on managing the purchase order lifecycle across the business. The employee also maintained procurement data and strengthened compliance, both of which help control how purchases are recorded. Search local jobs for “procurement”.

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