Can you explain the importance of superior procurement practices and what kind of value does it add to an organization,how does it affect sales?

Yes indeed, if you manage to buy a high valueed product at a good / fair and competitive price then you will be able to sell same at an acceptable profit.

what is the difference between procurement and purchasing?

Buying only quality products to sell always leaves a positive impression during the stage of sales negotiation and it prolong profit in ROI and assess rates regularly. As a salesperson its a plus point when you feel confident about your product and you will avoid numerous inquiries regarding efficiency,ease, durability, elegance and comfort. 

Good procurement practices are key to the success of any retail or wholesale business. They involve more than just buying products—they mean finding the best suppliers, negotiating good prices, ensuring quality, and keeping supply chains running smoothly. When done right, procurement supports the entire business and helps it grow.

1. How It Adds Value:
   Good procurement helps save money without sacrificing quality. It ensures smooth operations and reduces risks like running out of stock or delays in delivery.

2. Impact on Sales:
   When you buy the right products at the right cost, you can offer competitive prices to customers. This attracts more buyers, boosts sales, and keeps customers happy with quality products.

3. Getting the Right Products:
   For retail and wholesale, having the products people want is critical. Strong procurement practices ensure you have the right inventory, reducing wasted stock and meeting customer demand.

4. Profitability:
   The saying "If you buy right, you sell right" is true. Buying smartly allows you to price competitively and still make a profit.

In short, good procurement isn’t just about saving money—it’s about setting the business up for success in sales, customer satisfaction, and profitability.