Question

Corporate procurement, also called corporate purchasing, deals with the transactional elements of buying products and services by an organization for its operational and functional needs.a) trueb) false

Answer 1

Answer: True

Explanation:

Cooperate procurement could be defined as the process where a firm or organization buys materials needed for projects and other items that would be useful in the organization. This is handled by the procurement department of the organization, every other department would tender items that her needed to be purchased, when these items are approved by the management, the procurement department either contacts it's vendors or acquire the items by themselves.