Which of the following is NOT an essential element of procurement?

Supplier relationships are indeed important in procurement, but they are not considered an essential element in the same foundational way as the other options listed. In procurement, the primary focus is on acquiring goods and services effectively and efficiently.

Quality assurance ensures that the products or services obtained meet the required standards and specifications. Bid evaluation and award are critical processes that guarantee the best value is received from suppliers by systematically assessing proposals and selecting the most appropriate vendor. Planning and scheduling are also central activities in procurement, as they involve determining the needs, timelines, and strategies for fulfilling requirements.

While fostering supplier relationships is beneficial for long-term success and collaboration, it is often seen as a complementary aspect rather than a fundamental component of the procurement process itself.