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WHAT IS DIFFERENCE BETWEEN PURCHASING AND PROCUREMENT?

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تم إضافة السؤال من قبل salil Tandon , Genearl Manager materials , Panalfa Autoelektrk Ltd
تاريخ النشر: 2014/05/09
Rahul Ganesan
من قبل Rahul Ganesan , Project Document Controller cum Co-ordinator , AMBB MARBLE & STONE

Procurement  basically deals with the material sourcing activities in terms of Price Negotiation without compromising on quality along with timely delivery of materials.

Purchasing is the process which implies how the materials are finally ordered.

Abd Elfattah Osama Younis
من قبل Abd Elfattah Osama Younis , Procurement , Contracting & Logistics Manager , Genoa Plastic Industries

purchading is a single step of the procurement process , procurement is more stratigic than purchasing .

Md. Nurujjaman
من قبل Md. Nurujjaman , Finance and Admin Manager , Zaman Enterprise

Purchase is a single step of procurement process. Procurement is a broader process which include requisition of goods and services, sourcing vendor, evaluation of vendor and select final supplier, placing work order, receiving goods or service and complete final payment.

Satish Pandey
من قبل Satish Pandey , Emergency Supply Officer , United Nations High Commissioner For Refugees - Other Locations

Though procurement and purchasing used interchangeably, there is significant difference between two. While former  is broader process which include chain of activities for the acquisition of goods and services, later is ordering and receiving of goods and a component of procurement process.

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Purchasing is simple to process the order and  recieves the goods or services whatever you ordered. It is a part of procurement operations.

Similarly, --------------- A customer has placed an order ( Sales Order ) -----> Request ----> Approval ---> Raising of Purchase Order (P.O) ---> Recipting of goods or services.

 

While procurement is a group of activities like sourcing, vendor selection/evaluation , RFQ management, contract negotiation,supply process and purchasing functions.

Sudeep Singhal
من قبل Sudeep Singhal , Manager - Commercial & Contracts , Simhapuri Energy Ltd.

Procurement is the overarching end to end process of acquiring goods, services and IP. Purchasing is a subprocess of the procurement that deals with the action of buying. Procurement strategy is part of the procurement process but not of the purchasing process, while PO placement is part of the purchasing process and the procurement process.

STEELWIN  IMMANUEL
من قبل STEELWIN IMMANUEL , India Operations Leader - Supply Chain & Operations , WABTEC CORPORATION

Purchasing will find the sources of suppliers as raw material , semi/finished goods required by us. It main function is to source & develop the component for our requirement 

Procurement will follow with sourced suppliers for supplies of materials 

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