The planning,organizing,and coordinating of all the activities relating to purchasing goods and services needed to accomplish the organization's mission best defines

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Procurement management is the process of planning, organizing, and coordinating all the activities related to purchasing goods and services needed to accomplish an organization's mission. This includes identifying the needs, selecting suppliers, negotiating contracts, and managing relationships with vendors. Supply chain management and buy-side e-marketplace are related to procurement but do not encompass all its activities. Customer relationship management, on the other hand, is focused on managing relationships with customers, which is not directly related to procurement.

The Planning,organizing,and Coordinating of All the Activities Relating to Purchasing