The process of sourcing goods and materials, negotiating with suppliers, paying for goods, and making delivery arrangements is called?

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25-07-2022
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The process of sourcing goods and materials, negotiating with suppliers, paying for goods, and making delivery arrangements is called?

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rafikiedu01 rafikiedu01 · Answer 1 · 2022-08-01T11:24:22+02:00

The process of sourcing goods and materials, negotiating with suppliers, paying for goods, and making delivery arrangements is called procurement.

Procurement of goods broadly refers to the procurement of physical items, but it can also include items such as software subscriptions. Effective sourcing of goods usually relies on proper supply chain management practices. You can include both direct and indirect procurement.

Procurement is a term used to describe the procurement process for goods and services. In building construction, material procurement is the process of selecting, ordering, billing, paying, delivering, and delivering the materials needed to build a building to the construction site.

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