Question: Question 115 MarksThe situation above tries to explain the difference between procurement and purchasing by giving a scenario where one is buying a car. Given

Question 115 MarksThe situation above tries to explain the difference between procurement and purchasing by giving a scenario where one is buying a car. Given this situation explain the difference between procurement and purchasing by first defining the two terms.Question 215 MarksProcurement might seem simple at first sight: identify the needs, choose suppliers, and receive goods. However, the realityparticularly in global procurements-much more complicated. Outline and explain, using the practical examples from the organisation of your choice, the challenges and solutions facing purchasing and supply management.

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