Contract management Order Fulfillment Price negotiations Supply Chain Optimization 
World of Procurement blog
MAY 8, 2024
Scope : Procurement spans the entire process from identifying requirements to contract closure. Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests.
IBM Supply Chain Blog
APRIL 4, 2024
Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. Business process management examples BPM can help improve overall business operations by optimizing various business processes.
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