Question: Purchasing and procurement are terms that can be used interchangeably, however, there are noticeable differences between these two terms. Select the statement that best describes

Purchasing and procurement are terms that can be used interchangeably, however, there are noticeable differences between these two terms. Select the statement that best describes procurement.
a.
The management of an organisations resources in a deliberate manner to ensure sustainability.
b.
A central focus on sourcing materials.
c.
Procurement can be described as a range of activities that are centred around satisfying the organisations need for goods and services that are needed for the transformation process for their strategic products.
d.
A strategic function with a holistic perspective

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