Which procurement type encompasses capital and revenue purchases?

The correct choice is the term "Overall procurement." This term integrates both capital and revenue purchases into a unified approach to procurement activities. Capital purchases typically involve significant investments in assets or infrastructure, while revenue purchases are related to the day-to-day operational needs of the organization.

Overall procurement recognizes the importance of both types of purchases in maintaining organizational operations and achieving financial objectives. This holistic understanding of procurement allows organizations to align their buying strategies with both long-term investment goals (capital) and immediate operational needs (revenue), ensuring that resources are allocated effectively to support overall business performance.

Other terms such as direct procurement, strategic procurement, and operational procurement are more focused and specific. While they encompass certain purchasing types, they do not provide the comprehensive view that "Overall procurement" does, as they may emphasize either short-term operational needs or long-term strategic objectives distinctly.