By their very nature public and private sector businesses are very different organisations operating to fulfil different objectives.
While public sector businesses are under a mandate to operate efficiently their primary objective is public good. Conversely private enterprises generally exist to generate a profit and return for shareholders.
Both public sector and private sector procurement professionals share similar demands, constraints and responsibilities such as proving value for money, being accountable for spending decisions and adherence to procurement and financial policies.
However there are several key distinctions procurement professionals identify between working in public and private enterprise which this article will explore.
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