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What is the difference between purchasing and procurement?

Samuel Carter | 2023-05-05 16:08:11 | page views：1343
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Alexander Davis

Works at Apple, Lives in Cupertino, CA
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.
2023-05-10 16:08:11
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Lucas Patel

QuesHub.com delivers expert answers and knowledge to you.
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.
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