Logo - Business Development Bank of Canada - BDC


Procurement is the activity of finding and acquiring goods and services. Its aim is to ensure a company makes and delivers products or services at the right time, right price and best cost so that customers are satisfied and the company makes a profit.

Managing the procurement process involves:

  • Preparation—planning and predicting future needs
  • Implementation—shipping, receiving, handling and storing goods
  • Task management—ensuring every employee is doing the right task
  • Follow-up—ensuring expected results and goals are achieved

Procurement activities may relate to the acquisition of physical goods or may be information-based (related to ordering, invoicing and the like). Information-based procurement activities are considered administrative.

Your privacy

BDC uses cookies to improve your experience on its website and for advertising purposes, to offer you products or services that are relevant to you. By clicking ῝I understand῎ or by continuing to browse this site, you consent to their use.

To find out more, consult our Policy on confidentiality.