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.
Are you ready to name some streets? Be sure to explore the following activities with a friend or family member: What street do you live on? Ask a friend or family member to take a walk with you around your neighborhood. Bring a notebook and write down the names of the streets in your area. Discuss your thoughts on how you think each street came to have its name. Are the names similar? Do any of the names reflect a common theme?