Procurament function, as throughout history, nowadays is also one of the most important and the most frequent functions in organizations because of its strategic value and that first choice while starting up the business. Many organizations are building, or have built their business and competitive advantage precisely at improving the business procurement function. This paper explains its strategic value, orientation toward goals, improving processes through business computerization and virtualization and explores its position in the entire supply chain. Globalization, as one of the prerequisites for the successful organizations today, has also been explored from the procurament point. The suppliers selection at the global market, evaluating them, and determining their strategic impact on value raising, both in the supply chain and in the function , also creates a new value. It is pointed to the best procurament managing practices through cost management and their modern approach. One of the biggest problems which precludes progress are stockpiling and dead capital. Organizations are seeking for higher quality and more efficient resources utilization, they want to be as flexible as possible and facilitated from the unnecessary processes that do not contribute to the direct creation of the new value.