1. The main difference between purchasing and procurement is:
a. Purchasing is easier than procurement
b. Procurement involves strategic activities like sourcing and supplier relationship management and purchasing involves the action of buying
c. Purchasing focuses on supplier performance and procurement on reviewing standards
d. Procurement is for more advanced companies, purchasing is something all companies do
2. Which of the following is not a required input for constructing the material requirement? plan?
A. bill of material
B. scheduled receipts
C. available to promise
D. inventory records