The purchasing department is a key function for every company whether you are buying supplies to run your business, such as photocopy paper and pens or purchasing product to resell to end user customers. But why? What do purchasing professionals actually do$,$ and how does what they do impact an organization?

Public purchasing has very specific rules and regulations to maintain fair and equitable award of business to government agencies, school board and healthcare facilities.

Visit: Procurement $-$ Canada.ca to learn about the procurement function for the federal government of Canada. Visit your provincial government website for provincial rules.

Define private purchasing. $(2$ marks$)$

Define public purchasing. $(2$ marks$)$

What are the similarities and key differences between private and public purchasing?

$(4$ marks$)$

Define Request for Quotation. $(2$ marks$)$

Define Request for Proposal. $(2$ marks$)$

Define Request for Information. $(2$ marks$)$

Give an example when you would use each term. $(6$ marks$)$