What is procurement, difference between procurement and supply chain management

Question

Accepted Answer

Procurement is the process of acquiring goods or services, while supply chain management encompasses the entire flow of goods and services from procurement to delivery.

Procurement involves the purchasing of goods or services needed for a business or organization.
Supply chain management includes procurement as well as the coordination and management of all activities involved in the flow of goods and services.
Procurement focuses on the sourcing, negotiation, and purchasing of goods or services.
Supply chain management encompasses procurement, logistics, inventory management, and distribution.
Procurement is a subset of supply chain management.
Example: Procurement involves selecting and purchasing raw materials for manufacturing, while supply chain management involves managing the entire process from sourcing raw materials to delivering the finished products to customers.

Accepted Answer

Procurement is the process of getting goods you need, suply chain is the infrastructure need to get you those goods

What is procurement, difference between procurement and supply chain management

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