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Procurements Meaning in Urdu
Procurements
Meanings
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Procurements Meaning In Urdu with Detail
Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement generally involves making buying decisions under conditions of scarcity. If sound data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations.