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Conduct procurements is a part of planning.
this process is a part of phase 3
control
Conduct Procurements is the part of Execution phase
The process of Conduct Procurements is part of Execution
The process of conduct procurement is control.
Conduct procurement is the part of the execution. my answer is reflecting what is written in PMI Book.
Procurement is in Execution Phase
The process of Procurement Management is evident during more than one single project phase. It starts with identification of your needs, identification of potential suppliers, selection of suppliers, evaluation of their offers, conducting awarding negotiations, contracting and ordering (what I understood as "conducting procurement"), order monitoring, goods/service receiving and verification, of course not to forget: issuance of payment approvals.
If I understood your question right by reading "conducting" as the process of ordering, then this is part of execution.