Purchasing management is the term for managing the sequence of suppliers and purchasers covering all stages of processing from obtaining raw materials to distributing finished goods to final consumers.

Question

Quizplus · Accepted Answer

Purchasing management specifically refers to the process of acquiring goods and services needed by an organization, while the broader term for managing the entire supply chain from raw materials to final consumers is "supply chain management."

Purchasing Management Is the Term for Managing the Sequence of Suppliers