1. Selection can be defined as choosing from amoung various alternatives on a number of
2. Procurement can be defined an orderlu, systematic exchange between a seller and a
buyer. The process of obtaining goods and services, including all activities associated
with determining the types of products needed, making purchases, receiving and storing
shipments and administering purchase contracts.
6. Small operations are typically run by an owner-manager who does all of the purchasing
for their business. They oversee the other related purchasing activities such as receiving
seliveries and paying the bills. Large operations are different in which they require a full