Procurement is all about long-term goals that contribute to achieving strategic outcomes and competitive advantage. Purchasing has short-term goals. The purpose of purchasing is to arrange business spending and acquire a specific resource.
An international wire transfer is a service offered by almost every bank. It’s a transaction that allows you to send a certain amount of money from your bank account to a recipient’s bank account, anywhere else in the world. If you plan on using your bank to send an international transfer, it’s important to understand what SWIFT is and how it works.