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What is the difference between purchasing and procurement?


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2012-03-27 02:33:37
2012-03-27 02:33:37

Procurement is concerned with the overall gathering of resources, while purchasing is the specific act of acquiring something by paying money for it. Purchasing is one form of procurement.


Related Questions

'Purchasing' denotes that payment was made- procurement does not. See the related links posted below for more data:

The difference between purchasing and procurement is that to purchase something with currency or money. Procurement is the obtaining of goods and services through a bartering system.

Procurement is about buying. Logistics is about transporting.

what is the differnce between total cost ownership and procurement under the lowest purchasing price philosophy?

Materials management covering all the activities related to admin, planning, purchasing & inventory whereas purchasing will be just considering a part of Materials management.

Purchasing is primarily meant for buying one or more products / services in retail for personal use. It can be online and offline. Procurement is primarily meant for buying products / services in bulk for industrial, official use. Again this can be online and offline.

1. A traditional procurement process is a collection of many processes by interacting with other departments of a company or with the supplier. Whereas e-procurement means electronic procurement or online procurement. 2. Traditional procurement can be done by face-to-face, or via telephone. E- Procurement can only be done through online. 3. Traditional procurement is costly E-Procurement is cost effective.

Procurement is concerned with the overall gathering of resources while purchasing and logistics is defined as a business planning framework for the management of material, service, information and capital flows. It includes the increasingly complex information, communication and control systems required in today's business environment.

Michael G. Kolchin has written: 'Purchasing in the industrial, institutional, governmental, and retail sectors' -- subject(s): Government purchasing, Industrial procurement, Industrial surveys, Purchasing 'Purchasing education and training' -- subject(s): Education, Employees, Industrial procurement, Management, Purchasing departments, Study and teaching, Training of

what are the similarities between private and public procurement

A person within an organisation whom has accountibility for purchasing commodities

J. Howard Westing has written: 'Industrial purchasing; buying for industry and budgetary institutions' -- subject(s): Industrial procurement 'Industrial purchasing' -- subject(s): Industrial procurement

Charles Dominick has written: 'The procurement game plan' -- subject(s): Business logistics, Industrial procurement, Purchasing

the difference between centralized and decentralized purchasing system of organization is that in a centralized structure all the decision making and authority are focused on the top tier or management

Peter J. H. Baily has written: 'Purchasing principles and management' -- subject(s): Industrial procurement, Management, Purchasing 'Purchasing and supply management' -- subject(s): Industrial procurement, Management 'Successful stock control by manual systems' -- subject(s): Inventory control 'Design of purchasing systems and records' -- subject(s): Purchasing 'Purchasing problems' -- subject(s): Case studies, Industrial procurement 'Materials management handbook' -- subject(s): Materials management

Procurement is responsible for establishing bid requests and evaluations, tender process and project management. Purchase is the actual process of buying materials and cost control.

what is the procurement procedure of cocacola

It will focus on the relationship between purchasing, procurement and supply chain management. Many high profile organizations in the United States have implemented an integrated strategic approach to purchasing and logistics management, which is known as supply chain management. As the 21st century began, supply chain management became a significant strategic tool for organizations striving to improve quality, customer service and competitive advantage. Gene Richter, a former chief procurement officer at IBM, developed a framework that defined four stages of maturity in the procurement function. His work allows procurements officials to understand what it means to be strategic in the purchasing/procurement/supply chain management process.

William J Holleran has written: 'Understanding corporate purchasing' -- subject(s): Industrial procurement, Purchasing

Victor H. Pooler has written: 'Purchasing' -- subject(s): Industrial procurement 'The purchasing man and his job' 'Global purchasing' -- subject(s): Purchasing, Foreign trade regulation

the process of procurement of food preparation raw ingredients

What's the different between a buyer and a senoir buyer

Christian Carduck has written: 'International procurement offices' -- subject(s): Industrial procurement, International business enterprises, Purchasing departments, Subcontracting

Lamar Lee has written: 'Purchasing and materials management' -- subject(s): Industrial procurement, Materials management, Purchasing, Management

The diffidence between shopping and purchasing is in shopping u may not take any thing and then u will not pay for that but in purchasing u will pay for it that is called our need after paying the money before that it is our desire

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