Procurement and Supply Management (PSM) refers to the processes used to source, contract, and manage goods and services needed to run clinical research programs.
In trials, PSM covers vendor selection, purchasing controls, supply chain oversight, and contract governance for items such as lab kits, devices, software, couriers, and clinical supplies. Strong PSM helps ensure vendors meet quality, security, and compliance requirements, especially when they handle regulated data or participant-facing services. PSM planning also supports continuity by managing lead times, inventory, and contingency sourcing for time-critical study materials. Effective procurement governance reduces operational risk and supports consistent, compliant trial execution across sites.