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What is the difference between purchasing and procurement?
Procurement purchasing Procurement
Questioner：Oliver Anderson 2023-05-05 16:08:11
The most authoritative answer in 2024
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Isabella Martinez——Studied at Yale University, Lives in New Haven. Currently working as a journalist for a major news outlet.
Procurement involves the process of selecting vendors, establishing payment terms, strategic vetting, selection, the negotiation of contracts and actual purchasing of goods. Procurement is concerned with acquiring (procuring) all of the goods, services, and work that is vital to an organization.read more >>+119962023-05-07 16:08:11
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