Sourcing and Procurement: One but Not the Same
Precoro
SEPTEMBER 6, 2021
This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. But they are different, although closely related, processes. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and p
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