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What is the difference between procurement and purchasing?

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Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/19
Zouheir Douss
by Zouheir Douss , Supply Chain Director , DENIM HOUSE / SARTEX GROUP

Procurement = sourcing, negociation.....
Purchasing = order palcement , following & receipt......

Uzma Khan
by Uzma Khan , Secuirty Coordinator , ActionAid International

Procurement is acquiring of goods and service with quality and quantity,it is based upon contractual sort of thing while purchasing is only a single part of the procurment like a small thing or a property or land where we only have to pay cash one time effort.
Procurement is an on going process!

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