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Software procurement, or software acquisition, refers to the process of obtaining software solutions to meet organizational needs. It involves evaluating, selecting, and acquiring software from various sources, such as internal development, outsourcing, or purchasing commercial-off-the-shelf (COTS) products. Organizations engage in software procurement to enhance efficiency, improve functionality, and support business objectives, ensuring alignment between technology investments and strategic goals.

The typical process includes defining requirements, researching vendors, comparing solutions, negotiating terms, and managing implementation and support. Common approaches range from developing software in-house to outsourcing development or acquiring pre-built software. Effective procurement requires careful planning to balance cost, quality, and timelines, while mitigating risks like vendor lock-in or compatibility issues. Successful software procurement enables organizations to leverage technology effectively, driving innovation and operational excellence.