U.S., Aug. 17 -- Procurement is an ever-changing term that comes with a similarly fluid job description.

Today, procurement involves the process of choosing vendors, establishing payment terms, vetting the vendors and negotiating contracts to purchase goods or services. Tomorrow, who knows what the definition of procurement could be?

Organisations are using technology to procure more effectively than ever before and it is the job of the SME to find ways to streamline this process further. Price comparison websites (PCWs) are leading the charge in this new future and proving that procurement is still as valuable as it once was.

Is procurement still valuable?

In days gone by, procurement was done via a sales team, who a procurement team...