Materials management covering all the activities related to admin, planning, purchasing & inventory whereas purchasing will be just considering a part of Materials management.
supply cahin starts from the requisitining stage procurement and distribution to the end user, while procurement is the aquisition of goods and services
the difference between production management and operation management?
Contract management is the management of contracts made with employees, vendors, partners and customers. Procurement management is where goods and services are gotten from a different organization.
difference between mbo and traditional management
Explain the difference between "Project Management" and "Delivery Management."
Procurement is about buying. Logistics is about transporting.
Procurement is concerned with the overall gathering of resources, while purchasing is the specific act of acquiring something by paying money for it. Purchasing is one form of procurement.
The difference between purchasing and procurement is that to purchase something with currency or money. Procurement is the obtaining of goods and services through a bartering system.
supply cahin starts from the requisitining stage procurement and distribution to the end user, while procurement is the aquisition of goods and services
the difference between production management and operation management?
difference between scientific management practices and modern management practices.?
Contract management is the management of contracts made with employees, vendors, partners and customers. Procurement management is where goods and services are gotten from a different organization.
difference between mbo and traditional management
1. A traditional procurement process is a collection of many processes by interacting with other departments of a company or with the supplier. Whereas e-procurement means electronic procurement or online procurement. 2. Traditional procurement can be done by face-to-face, or via telephone. E- Procurement can only be done through online. 3. Traditional procurement is costly E-Procurement is cost effective.
Procurement is concerned with the overall gathering of resources while purchasing and logistics is defined as a business planning framework for the management of material, service, information and capital flows. It includes the increasingly complex information, communication and control systems required in today's business environment.
Explain the difference between "Project Management" and "Delivery Management."
A Material Takeoff is the process of analyzing(this includes list of materials with quantities and types,grades of materials and the weights of such materials) drawings and determining all the materials required to complete the design. A Bill of Materials is adocument that shows detailed desgriptions of materials used in completing a project,this includes,types of materials,specification of each item,gost of each item used,number and cost of labour used in completing the poject. The major difference between the two is:MTO is needed to make a BOM,a BOM aids in the procurement and requisition of materials.