Using the above analogy, the supply chain can be considered the entire chair, while procurement and sourcing are parts of the chair. Procurement Procurement is the process of getting the goods and/or services your company needs to fulfill its business model.
The use of street address meaning just the line with number and street name is (valid) jargon usage within a technical industry, but it's not so commonly understood that way by the general public.
1. Streets running east and west are called drives or avenues. 2. Streets running north and south are called streets or roads. 3. Dead-end streets are lanes and private drives are ways.