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The Procurement Supply Chain market is a subset of Supply Chain Management (SCM) that focuses on the acquisition of goods and services from external sources. It is a complex process that involves the coordination of multiple stakeholders, including suppliers, manufacturers, distributors, and customers. The goal of the procurement supply chain is to ensure that the right goods and services are delivered to the right place at the right time, at the right cost.
The procurement supply chain is a critical component of SCM, as it helps to ensure that the right goods and services are available when needed. It also helps to reduce costs and improve efficiency by streamlining the procurement process.
Companies in the Procurement Supply Chain market include Oracle, SAP, IBM, Microsoft, and Accenture. These companies provide software solutions and services to help organizations manage their procurement processes. They also offer consulting services to help organizations optimize their procurement supply chains. Show Less Read more