One of the key differences between Procurement and Purchasing is that

	a.	There is not much of a key difference, since both Procurement and Purchasing terminologies are used synonymously
	b.	Procurement cares about short term vendor relationships whereas purchasing cares about long term vendor relationships
	c.	Purchasing involves the development and issuance of RFQ's and RFPs, whereas Procurement involves the creation of purchase orders to acquire products and / or services
	d.	Procurement is more strategic oriented geared towards achieving long term organizational goals, whereas purchasing is more geared towards short term organizational goals involving the acquisition of products at the right quantity, price, and schedule