Procurement is the strategic process of sourcing, acquiring, and managing goods, services, or workforce resources required for business operations. It involves vendor selection, contract negotiations, compliance checks, and cost optimization to ensure businesses obtain high-quality resources at the best possible value. Effective procurement plays a critical role in budget management, operational efficiency, and supply chain stability.

Industries like manufacturing, retail, logistics, e-commerce, and facility management services (FMS) rely on procurement strategies to streamline vendor management, optimize workforce supply, and ensure regulatory compliance. For businesses handling contract workers, gig employees, apprentices, and blue-collar workforce, workforce procurement ensures efficient hiring, cost-effective staffing, and seamless workforce deployment. By integrating HR and procurement software, companies can automate vendor onboarding, track procurement costs, and enhance workforce planning.