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What is the procurement entity?

Updated: 9/24/2023
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The procurement entity is usually the department that is responsible for purchases. In a company the procurement entity would be the purchasing department, also called procurement. The larger the company the more likely there is one department that coordinates all purchases, especially bidding them our, actual purchase, receipts and possible also inventory.

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What is the procures?

The procurement entity is usually the department that is responsible for purchases. In a company the procurement entity would be the purchasing department, also called procurement. The larger the company the more likely there is one department that coordinates all purchases, especially bidding them our, actual purchase, receipts and possible also inventory.


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