It means that one party entrusts another party (i.e. a third party) to independently carry out the procurement of goods or services in accordance with the agreed procurement requirements and standards. Specifically, the entrustment relationship usually includes the following:
1. The principal provides the third party with information such as procurement needs, specifications, quantity, quality requirements, etc.
2. The third party shall carry out the selection of suppliers, procurement of goods or services, payment, logistics and distribution as required.
3. The third party needs to communicate and negotiate with the supplier during the procurement process to ensure that the procurement results meet the requirements and expectations of the client.
4. After the transaction is completed, the third party needs to submit the procurement results and related documents, invoices and other materials to the client, and charge corresponding service fees.