Procurements are purchases of materials, products, or services in a business environment. This concept translates to everyday life as well. We all buy things. Most of us buy services at some point in our lives. Let’s look at a case example that is common for most people in the United States. We will watch a family that shops for a car.
CASE EXAMPLE 1: SHOPPING FOR A CAR
Bill and Sheila needed to buy a vehicle for their sixteen-year-old daughter, Abby. Their decision to buy a vehicle took quite some time—their daughter’s safety was first in their minds. Now that the decision to buy the vehicle had been reached, they started looking at different makes and models. The first requirement, safety, ruled out several models. ...