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Are purchasing, sourcing and procurement the same or different? If different, identify some of the ways in which they differ. Imagine you are the procurement

Are purchasing, sourcing and procurement the same or different? If different, identify some of the ways in which they differ.
Imagine you are the procurement manager for a leading mobile manufacturing company. What steps will you follow for the procurement of mobile component for your company.
Briefly explain the policies?

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1 Purchasing sourcing and procurement are related but distinct processes within the supply chain Purchasing This is the transactional aspect of acquiring goods or services It involves activities like ... blur-text-image

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