FAQ

FAQ, Questions and Answers.

Here are sample answers on most common questions, e.g. what is Procurement and can I be accepted on the Degree Programme.

The term procurement is taken to embrace purchasing, materials management, logistics, supply chain management and strategic sourcing (IFPSM).

To define procurement broadly, “Procurement” is the overarching function that describes the activities and processes to acquire goods and services. Importantly, and distinct from “purchasing”, procurement involves the activities involved in establishing fundamental requirements, sourcing activities such as market research and vendor evaluation and negotiation of contracts. It can also include the purchasing activities required to order and receive goods (source: Purchasinginsight.com).

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