Bogumil Rychter
Bogumil Rychter voted up Jordan Park's answer

Procurement “is the process of getting the goods and/or services your company needs to fulfill its business model. Some of the tasks involved in procurement include developing standards of quality, financing purchases, negotiating price, buying goods, inventory control and disposal of waste products like packaging.

A supply chain “consists of everybody involved in getting your product … Read more

Bogumil Rychter
Bogumil Rychter voted up Anonymous' answer
Procurement Practices :Procurement is the sourcing and purchasing of goods and services for business use.Individual businesses set procurement policies that govern their choice of suppliers, products and the methods and procedures that are going to be used to communicate with their suppliers. For example, businesses often have set procedures for calling for and evaluating proposals. Supply … Read more