Procurement vs Purchasing | Difference between Procurement and purchasing

In this video, I have discussed " The difference between Procurement and purchasing".
Procurement and purchasing are the two terms that are often used interchangeably. But here we are going to discuss the dissimilarities between procurement and purchasing.
Topics I have covered are,
1. Procurement vs Purchasing
2. What is Procurement?
3. What is purchasing?
4. Difference between Procurement and purchasing.
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#procurementvspurchasing

[@sebsee3730]

Well working as an Technical Purchaser I would say all requirements of Procurement are also what I do every day. Sending quotes to multiple Vendors, checking their offers and comparing. Making my quotes in SAP, based on the offers. Then after confirmation customer, Purchasing/ordering the items, making documentation of these purchases. Handling over to Logistics department and so on. So for my job I would say that I do both.

[@8446510709]

which Excel features do you use mostly?

[@Desperado583]

I am interested in being a technical purchaser. Could you possibly provide some insight on to how to get into this for information technology procurement, or any advice at all?

[@NareshKumar-th9hy]

Same iam also working on both

[@HasnyJunaideen]

No I actually doing procurement under the name of purshasing

[@sandhyagupta2591]

Hey, ​@@HasnyJunaideencan you plz tell me how to get into this field.

[@user-ii1yj2xh9v]

It was quite surprising for me to find out there are differences between these two! thanks man

[@ambikeya_tech]

Insightful breakdown! Appreciate the clarity on the nuances between procurement and purchasing. Valuable distinctions for optimizing business processes. Thanks for sharing!

[@MyPurchasing-qc3nr]

At present, Procurement is simply listing the materials and services needed to finish a project, then request it to the Purchases Department then they do the vendor selection, RFQs, Quotations, Quotation Summary, Negotiation, Choose the best value supplier, Places POs, Accept Deliveries(full or final), and Place Payments, Close POs. Deliver Cost Savings target, and Analyses trends for the Pareto principle or ABC.

[@sawaji267]

thank you for the explanation regarding the procuremen and purchasing

[@NadaAAbbas]

What a great explanation! Thanks a lot!

[@WorDouglas8]

Simple and nicey PUT! Thanks

[@borokmarko8838]

Thanks a lot, the difference is now very clear

[@Educationleaves]

You are welcome!

[@adorablepeace1288]

the differences is now clear..i work as a procurement staff..though i do most of those things

[@mrman9279]

How is the work ?

[@fredrickdavis876]

Solutions oriented

[@KiranKhan-ex1cb]

Well explained ! Which application are you using to make video. It’s very nice

[@paulinavictor7159]

great to have your tips

[@Educationleaves]

Thanks!

[@vipinviswanathan2947]

Good information. Thanks.

[@Educationleaves]

Ur welcome!!

[@MsLynda22]

True! I’ve worked as both. Purchasing and procurement.

[@mrman9279]

Which is better ?

[@asterixalan4267]

thank you very much!!!

[@aoleminh5245]

Thank you, it is really helpful

[@Educationleaves]

Ur welcome!

[@OmoLola84]

Brilliant explanation

[@Educationleaves]

Thanks😊

[@khawarsatti1403]

Which software you use for video making and sound

[@user-TimPacific]

Most companies look at buyers and expect them to expedite. And with expediting there needs to be a strong vendor relationship. That’s where procurement and purchasing overlap.

[@wanderchimugoti2571]

Educative

[@balvir1344]

very good contents

[@Educationleaves]

Thanks buddy!!

[@sannitigokul6484]

Explained super

[@Educationleaves]

Thanks!

[@yunshuchoi1145]

it helped a lot! thanks!

[@Educationleaves]

Glad it helped!

[@niranjanpanchal4656]

Thanks

[@senamilemsomi3326]

Nice and easy

[@Educationleaves]

Thanks!

[@mohamedjaghakonneh]

well-done!
how can I access the pdf

[@mustakes]

Thank you 🙏

[@Educationleaves]

You are welcome 🙏

[@pgi6918]

This is very helpfull for me.

[@Educationleaves]

My Pleasure ❤

[@bkt1818]

Logistics study any advantage in pg diploma and dipolma

[@fengjane4440]

We are a supply chain management company in China. We help oversea company sourcing goods in China factories.

[@kamalhajizade5680]

Hi, can you share your contact details?

[@mohamedfornie4059]

Thank you

[@Educationleaves]

Welcome

[@rizalukman7982]

Identifying,shortlisting,selecting and acquiring

[@nyinyilwin9318]

Can I Get PDF ?

[@MohamedMohamed-qi1rb]

Where is pdf

[@williuskenstein4623]

at 0:47, acquiring not aquiring. :)

[@Educationleaves]

😇

[@mariocolindres6876]

4k kodlix?

[@mariocolindres6876]

RESTECHNOLOGY©

[@yasarmushtaq1]

Great Job. I need the pdf would you please send it to me🙏

[@Educationleaves]

Download link has been provided into the description....check the link.

[@mariocolindres6876]

Mental or Physical Labor?

[@husseinmohamedabdi479]

I need bdf pless

[@ramubommishetti6620]

where is you pdf

[@Educationleaves]

Sorry I forgot to provide the pdf link, please check the description now.

[@ramubommishetti6620]

@@Educationleaves okay

[@sureupdates-withdeuce1663]

Thank you

[@Educationleaves]

You are welcome!