It is easy to mistake procurement as a synonym for sourcing, since they think both mean getting supplies for your company. While both are an integral part of supply chain management, there is a significant distinction between procurement and sourcing. However, both of...
What is eProcurement? Procurement, alternatively referred to as electronic procurement or supplier exchange, is the process of purchasing and selling supplies, equipment, works, and services using a web interface or other networked system. The technology is intended...
