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Procurement vs. Purchasing: What’s the Difference?

Procurement vs. Purchasing: What’s the Difference?

by Rob O'Byrne | Mar 5, 2021 | Article, Procurement, Procurement - Purchasing - SRM, Purchasing, SRM, Supply Chain

The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows Procurement: If you’re...

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