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Title: Differentiate between purchasing activities and procurement activities. Post by: abbiedigings on Jan 31, 2018 Differentiate between purchasing activities and procurement activities.
Title: Differentiate between purchasing activities and procurement activities. Post by: shelbydickerson on Jan 31, 2018 Purchasing activities include identifying and evaluating vendors, selecting specific products, placing orders, and resolving any issues that arise after receiving the ordered goods or services.
Procurement generally includes all purchasing activities, plus the monitoring of all elements of purchase transactions. It also includes the job of managing and developing relationships with key suppliers. |