Which of the following is a definition of procurement?
A) Procurement is all activities required in order to get the product from the supplier to its final destination.
B) Procurement is all activities required in order to get the product from the manufacturer to its final destination.
C) Procurement is all activities required in order to get the product from the supplier to the distributer
D) Procurement is all activities required in order to get the product from the distributor to its final destination.

Question

Which of the following is a definition of procurement? 
A) Procurement is all activities required in order to get the product from the supplier to its final destination. 
B) Procurement is all activities required in order to get the product from the manufacturer to its final destination. 
C) Procurement is all activities required in order to get the product from the supplier to the distributer 
D) Procurement is all activities required in order to get the product from the distributor to its final destination.

Quizplus · Accepted Answer

Procurement encompasses all activities involved in obtaining goods and services from suppliers, including sourcing, negotiation, and strategic selection, not just the physical movement of goods.

Which of the Following Is a Definition of Procurement