Procurement vs Purchasing (Supply Chain Basics)

In my experience, procurement, buyer, and logistics are all 1. Most jobs you will do all 3

**Purchasing**:
- Focus- Purchasing primarily involves the transactional aspect of obtaining goods or services. It's about buying the required items at the best price, quality, and terms.
- Scope: Purchasing typically deals with day-to-day buying activities, such as issuing purchase orders, negotiating with suppliers, and managing deliveries.
- Goal: The main goal of purchasing is to fulfill immediate needs efficiently and cost-effectively.

**Procurement**:
- Focus: Procurement is a broader process that encompasses purchasing but extends beyond it. It involves strategic planning, sourcing, negotiating, and managing relationships with suppliers.
- Scope: Procurement involves analyzing the organization's needs, identifying potential suppliers, evaluating contracts, and ensuring alignment with organizational goals.
- Goal: The primary goal of procurement is to optimize the entire supply chain to achieve long-term value, mitigate risks, and support organizational objectives.

In simple terms, purchasing is like going to the store to buy groceries, while procurement is like planning the entire shopping list, finding the best stores to buy from, negotiating deals, and making sure you have everything you need to cook a great meal.

What are the arguments on the statement which says purchasing is the process of obtaining right materials,at right price of right quality in right quantity, derrivered at right place?

Amazing.. you broke it down so well.. I feel like I can take on the world

Hello now I'm living in UK and trying get a job in Supply Chain Management

I would like to learn all about Procurement

Yes, paperwork is very important. It’s to trace backdated works.

Hi Prof, thank you for the insightful presentation. What's the main responsibility of an Operations Manager in Procurement?

Absolutely it's been a handy note. In addition, may I know the more specific role for the purchasing dept like place PO sheet, taking goods or service from concern party, etc. thanks!

I have done Event Management, trading, recruitment.. would you say that this background gives a good base to start as a procurement Assistant?

Thanks 👍

How do I start a career in buying or purchasing? I have a bachelors in supply chain but can’t find any jobs. Please advise

Please ellaborate between supply chain and procurement

Hi Madam ,

I am currently doing my Masters in Operational Excellence with focus in SCM and Logistics , I have done 6 months internship in the field of Supplier Management , 3rd Party Manufacturing and have 1 year 10 months experience in order and delivery management , which field I can search for job in the area of Supply chain , I am very much confused .

ooh thanks mam ,,,,,,,,love you

Why are Supply Chain Management (SCM) and Operations Management often discussed together?

Thanks alot Prof, you rocked it

Six minutes of concise detail; wish more people could provide this. Thanks!

Hi prof.Could you please discuss about to study MBA in purchase management course in UK.Because as a professor you know which University is best to study and the requirements need for applying...

Currently pursuing supply chain management degree. How much data analysis is involved in this field?

SORRY I WANT TO ASK QUESTIONS ABOUT THE MAJOR PROBLES OF WAREHOUSE MANAGEMENT

Hi, please need to know the types and process of procurement

How can I move from a logistics background to a procurement role as a young college grad?

I AM WEST AFRICA LIBERIA

THANKS SO MUCH

you are the best. your 6 minutes video gives more insight than 6 weeks in the boring class room thank you prof.

HelloProfessor.I am 46 year old, working in a company as Purchasing Manager. I want to broaden my scope of work and knowledge and want to do some Supply Chain course online. Can you recommend me a course ?

Can you please explain the exact role of a supply chain manager in plastic pakaing industry

Thanks ma'am! ❤️

Thanks professor

Thanks

What is the challenge in procurement and purchasing due to dollars high rate now?

I had masters in procurement and supply chain management how can I get job or PhD scholarship in Canada thank you

Please tell me negotiation skill for it asset, software & BMS material

Hallo Prof. thanks for this very insightful presentation. I have a question which is a bit off from your presented topic. Supplier Performance Evaluation; could you share more light on KPI/SLA development, is this a responsibility of procurement function only to develop, monitor and evaluate performance or it requires a cross-functional approach with the user/subject matter expert involved in the process?

Thank you Professor.

Can you differentiate between purchasing, procurement, material management, logistics, supply management, and supply chain management?

Sweet....✨

What's the importance of negotiations in the procurement process and does the meaning of insourcing and outsourcing in the procurement management process and function? Their difference, similarities, and relationships

Can we talk more about contracts

So I think my work combination of purchasing procurement and supply chain???

Respectful Professor, According the explanation I believe that the Procurement and Purchasing job can be done by one department like Material Management. Is that possible? In some books, the purchasing management do all the things what we now call Procurement and Purchasing.
Thanks.

Hello Prof. Can you give an insight on what is the best pricing approach in Frame Contract covering multiple network technologies with option of Unit Price List (UPL) and Global Price List (GPL). Thanks in advance

How can women make a difference in Procurement

Hie professor, can u pls talk about factors that influence the existence of supply management

PERFECT ,, thank you

So purchasing is contained within procurement? Or is it exclusive from it? You said procurement is proactive and purchasing reactive because it merely involves 'obtaining'. That indicates they are completely different. But then you went on to say that procurement is just a part of supply chain and this part also involves 'obtaining.' I am confused.

Can you please make a video of the basics we need to know for an interview?

can you please give a clarity about purchase order, sales order, manufacturing order, distribution order, (po, so, mo, do)? please

Hello Professor, can you please talk about all the required documentation for delivery. Thank you for you videos.