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

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Procurement refers to the process of sourcing goods and materials, negotiating with suppliers, paying for goods, and making delivery arrangements. E-procurement is a subset of procurement that specifically involves using electronic platforms for these processes. Supply chain management is a broader concept that includes procurement, as well as managing the flow of goods, services, and information within a network of suppliers, manufacturers, and customers. Electronic commerce refers to any type of commercial transaction conducted electronically, such as buying and selling goods online.

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