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What is the difference between sourcing & procurement?

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Question ajoutée par ROY THOMAS , Sourcing Specialist , Sadara Chemical Co.
Date de publication: 2015/10/18
Md. Kamrul Hasan Titu
par Md. Kamrul Hasan Titu , Executive, Inventory Control Management , Apollo Hospitals Dhaka

Procurement is the entire range and process of activities from sourcing, purchasing, negotiating and acquisition this can also included risk management, sustainability etc.

Sourcing is the component of the Procurement process that deals with supplier selection and management.

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