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edited by AIFA’s Office of Osmed and HTA

Glossary


PROCUREMENT
The act of purchasing a pharmaceutical by a public authority. [Source: OECD. A System of Health Accounts] Pharmaceutical procurement is a complex process that involves many steps and many stakeholders. It is also conducted within national and institutional policies, rules, regulations, and structures that may hinder or support the overall efficiency of the procurement process. An effective procurement process at any level must ensure that four strategic objectives are achieved:  the procurement of the most cost effective medicines in the right qualities,  the selection of reliable suppliers of high-quality products,  procurement and distribution systems that ensure timely and undisturbed deliveries,  processes that ensure the lowest possible total costs. [Source: WHO. Operational principles for good pharmaceutical procurement]
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