Title: Introduction
Course: System Analysis and Design: Project Mana gement (17338) > Section: Competency Modules

Procurement means acquiring goods and/or services from an outside source. The term procurement is widely used in government; many private companies use the terms purchasing and outsourcing. Organizations or individuals who provide procurement services are referred to as suppliers, vendors, contractors, subcontractors, or sellers, with suppliers being the most widely used term.