Procurement refers to the process by which organizations acquire goods, services, or worksfrom external sources. Different methods of procurement are used depending on factorssuch as the nature of the purchase, budget constraints, and urgency.a) Define procurement and explain its importance in organizational operations, thendescribe two methods of procurement. (10 marks)b) Compare two procurement methods focusing on their effectiveness in handling large-scale, time sensitive projects. Provide an example of a project where each method mightbe used and justify your answer. (10 marks