Question

Explain why purchasing is not exactly synonymous with procurement. 

   Explain why purchasing is not exactly synonymous with procurement.
Supply Chain Strategies: Customer Driven and Customer Focused
Supply Chain Strategies: Customer Driven and Customer Focused
Tony Hines 1st Edition
Chapter 6, Problem 1 ↓

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It is a transactional process that involves selecting and obtaining the required items. On the other hand, procurement is a broader term that encompasses the entire process of acquiring goods or services. It includes activities such as sourcing, negotiating  Show more…

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Explain why purchasing is not exactly synonymous with procurement.
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