Decentralized procurement is a structure in which decision-making authority is distributed among various departments or locations—instead of centralized within a single procurement department.
Each department or unit maintains its procurement activities, leading to a more agile and responsive purchasing process.
Autonomy: Departments have the freedom to make purchasing decisions.
Responsiveness: Faster and more localized decision-making.
Customization: Procurement processes tailored to specific departmental needs.