Procurement Vs Purchasing

Procurement Vs Purchasing

In business, it’s expected to see and hear individuals use the terms ‘procurement’ and ‘purchasing’ reciprocally. In reality, these two things are separate, however firmly related. When does purchasing become procurement? Isn’t all purchasing procurement? And what are...
Efficient Procurement Process Flow

Efficient Procurement Process Flow

Efficient Procurement Process Flow, as a function, is an unavoidable aspect of all business associations. To operate and help the expansion and optimization of performance, organizations acquire different goods and services from external suppliers. If organizations...
Procurement Vs Supply Chain Management

Procurement Vs Supply Chain Management

Procurement Vs Supply Chain Management In today’s industry-driven environment, we have often come across the terms procurement and supply chain management. Even though we have heard it many times, many of us still don’t have a clearer understanding of these terms and...