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

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Procurement is the process of obtaining goods and services from suppliers, including sourcing, negotiating, paying, and arranging delivery. E-procurement and SCM are both related to procurement but focus on using electronic methods and managing the entire supply chain, respectively. Production involves transforming raw materials into finished products and is not the same as procurement.

The Process of Sourcing Goods and Materials,negotiating with Suppliers,paying for Goods,and