Procurement's reach extends across the lines of finance and operations, thus creating disparaging theories as to where the department falls in the overall organizational hierarchy. ... Under these circumstances, procurement commonly reported to lower-level functional managers within production or manufacturing.

Is procurement part of operations?

Operational procurement refers to the procurement of goods and services that are required to sustain an organization's day-to-day business operations. ... Operational procurement deals with purchasing goods and services the organization needs, contract management, delivery management, and addressing any complaints.

Does procurement fall under finance or operations?

Chief Procurement Officers

Overall, procurement costs will be integrated into the financial accounting of a business, as procurement involves acquiring goods and/or services for the revenue goals of the business. Comprehensively, procurement can involve support from several areas of a company.