Consulting and Supply
What is the Industrial goods Procurement Process?
You should note that purchasing and procurement are terms that are very often used interchangeably, but there is a distinct differentiation between the two! Purchasing refers to simply buying whereas procurement is a much broader term . It refers to not just purchasing materials but also includes shortlisting and negotiating with the vendors, sourcing the materials, and executing contract management.
You should note that purchasing and procurement are terms that are very often used interchangeably, but there is a distinct differentiation between the two! Purchasing refers to simply buying whereas procurement is a much broader term . It refers to not just purchasing materials but also includes shortlisting and negotiating with the vendors, sourcing the materials, and executing contract management.