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Procurement refers to the systematic process of acquiring goods, services, or works from external sources to meet the operational requirements of an organization. In the context of agribusiness, procurement plays a crucial role in ensuring the timely availability of inputs such as seeds, fertilizers, pesticides, machinery, packaging materials, feed, raw agricultural produce, and various support services. It is not merely the act of purchasing but a strategic function that involves planning, sourcing, negotiation, contracting, receiving, inspection, payment, and supplier relationship management. Effective procurement ensures quality inputs at the right time, in the right quantity, from the right source, and at the right price, thereby supporting production efficiency, cost control, and competitiveness in agribusiness operations. The procurement process begins with the identification and recognition of need. In agribusiness, this need may arise from production schedules, seasonal demand, inventory levels, or expansion plans. _________ _________ _____ _________ _____ ___.
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