As with all such rhetorical questions the answer is both and neither. Both because if it is in either of these the level of inventory will reflect the aims of the department which may not match the...
Project Procurement is where the decision to procure and the funding to pay the invoice comes from a project budget.
Operational Procurement is where decision to procure and the funding comes from...
Procurement is gathering of resources, ie purchaseing and collecting the existing stocks.Procurement is a complete process of acquiring things, services, resources, supply chain management, acquiring...