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متابعة

What is the difference between procurement and purchase ?

If we look from the manufacturer to consumer what is the best answer to this question in the context of supply chain management?

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تم إضافة السؤال من قبل Omer Bin khalid , Assistant Manager Procurement , Majid Al Futtaim
تاريخ النشر: 2016/04/23
Mehzad  Ahmed
من قبل Mehzad Ahmed , Store Manager | Shopkeeper | Sales Executive | Administrator , Nazlee General Store

procurement is the act of obtaining or buying goods and services. The process includes preparation and processing of a demand as well as the end receipt and approval of payment. It often involves

(1) purchase planning, (2) standards determination, (3) specifications development, (4) supplier research and selection, (5) value analysis, (6) financing, (7) price negotiation, (8) making the purchase, (9) supply contract administration, (10) inventory control and stores, and (11) disposals and other related functions.

The process of procurement is often part of a company's strategy because the ability to purchase certain materials will determine if operations will continue. A business will not be able to survive if it's price of procurement is more than the profit it makes on selling the actual product.

Nitin Choudhary
من قبل Nitin Choudhary , Assistant Manager - Planning & Inventory Management , Green Planet Industries

Purchase is a part of procurement.

Procurement involves

- Negotiations

- Contract Awarding

- Purchasing

- Vendor/ Inventory Management

- Vendor performance management

Eddy Balaa
من قبل Eddy Balaa , Supply Chain Manager , M. H. Alshaya Company

Procurement involves the process of selecting vendors, establishing payment terms, strategic vetting, selection, the negotiation of contracts and actual purchasing of goods.

Purchasing is a part of procurement. 

Irfan ALi
من قبل Irfan ALi , Logistics Controller , Biomedica Est

Procurement deals with the sourcing activities, negotiation and strategic selection of goods and services that are usually of importance to an organization. Purchasing is the process of how goods and services are ordered

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