The practice of procurement-related tasks dates back as early as 3,000 BC. Early years in the history of procurement Here’s our breakdown of procurement form the early years to present day to give you more insight on this ever-evolving industry. Despite these changes, the types of challenges addressed by procurement-from scarcity of supplies to competition-have mostly remained the same. It’s garnered such importance in the business world that major companies dedicate whole departments and executive positions to procurement (maybe even one you hold). It’s evolved from a function of subordinates to one that’s been elevated to a management level. Although the history of procurement is spotty at best, procurement practices have existed for thousands of years.
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