Procurement management involves the systematic approach to acquiring goods, services, or works needed for a project. It encompasses planning, sourcing, purchasing, and contract management. Research in procurement management focuses on optimising processes, reducing costs, managing risks, and ensuring quality and compliance. By analysing market trends, supplier capabilities, and negotiation strategies, organisations can enhance efficiency and effectiveness in procurement. Effective procurement management contributes to project success by ensuring timely delivery of resources within budgetary constraints, ultimately enhancing stakeholder satisfaction and achieving organisational objectives.
Researchers with interest in this area include