Question

How and why does the contemporary view of procurement as a strategic activity differ from the more traditional view of "purchasing"? Think of your answer in terms of relationships versus transactions?

Answer 1

The cosmetics or beauty products industry, globally, is one sector which remains impervious to the ups and downs. Overall sales are affected in the event of an economic downturn. However, one can count on the sales of cosmetics to maintain a certain volume overall. This is because of continuing and growing usage of products by women, and increasingly by men across the world.