Supply Network Specialist Interview Questions and Answers

Purchase is the act of buying goods or services while procurement is the process of acquiring goods or services.

• Purchase is a transactional activity while procurement is a strategic process.

• Purchase is a subset of procurement.

• Procurement involves activities such as supplier selection, negotiation, and contract management.

• Purchase involves placing orders, receiving goods, and making payments.

• Example: A company may have a procurement department that is responsible for sourcing ...read more