Supply Chain, Procurement, Purchasing
Supply Chain, Procurement, Purchasing. I mix these words up myself sometimes. This is an attempt to clear up these terms once and for all to myself.
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19/04/2021
Supply Chain, Procurement, Purchasing. I mix these words up myself sometimes. This is an attempt to clear up these terms once and for all to myself.
What is procurement? How to define it as an entity inside the Company, and how as a business function? What is the main goal of the procurement department? Let us see a couple of definitions I agree definitions are boring. And easy to forget. No worries, no one will ask you to remember and recite them back, ever. However, every procurement professional needs to have a basic understanding of the definition of procurement. So, let…