Supply Network Specialist

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Supply Network Specialist Interview Questions and Answers

Updated 24 Nov 2021

Q1. Purchase and procurement difference.

Ans.

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

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