1 Hundreds of different companies have plated items with silver for hundreds of years, usually using different amounts of silver. 2  You could own silver-plated flatware or holloware that was manufactured 200 years ago, 100 years ago, or 10 years ago.
Direct procurement refers to third party services and goods that are part of-, or used in the manufacturing, of the organizationâs products and or services. Indirect procurement refers to categories of goods and services that are supporting the organizationâs business processes.
What is 'Procurement' Procurement is the act of purchasing or otherwise taking possession of something, especially for business purposes. BREAKING DOWN 'Procurement' Procurement is essentially the acquisition of products and services. Both individuals and corporations have certain items which they must acquire; procurement is the name for the process by which they do so and that takes into account budgeting, supply chain and payment, among other factors.