Procurement vs Purchasing | Difference between Procurement and purchasing

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  • Опубликовано: 1 дек 2024

Комментарии • 84

  • @sebsee3730
    @sebsee3730 Год назад +42

    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
      @8446510709 Год назад

      which Excel features do you use mostly?

    • @Desperado583
      @Desperado583 Год назад

      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
      @NareshKumar-th9hy Год назад

      Same iam also working on both

    • @HasnyJunaideen
      @HasnyJunaideen 9 месяцев назад +1

      No I actually doing procurement under the name of purshasing

    • @sandhyagupta2591
      @sandhyagupta2591 6 месяцев назад

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

  • @FoxxMulderr-h7j
    @FoxxMulderr-h7j Год назад +10

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

  • @adorablepeace1288
    @adorablepeace1288 11 месяцев назад +5

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

    • @mrman9279
      @mrman9279 6 месяцев назад

      How is the work ?

  • @MyPurchasing-qc3nr
    @MyPurchasing-qc3nr 9 месяцев назад +8

    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.

  • @ambikeya_tech
    @ambikeya_tech 7 месяцев назад +1

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

  • @borokmarko8838
    @borokmarko8838 2 года назад +11

    Thanks a lot, the difference is now very clear

  • @kaisbenrhouma
    @kaisbenrhouma Месяц назад

    Clear and easy, we need more video like this

  • @Helen-y3Helen___8
    @Helen-y3Helen___8 4 месяца назад +1

    Stay positive and let that smile light your way.

  • @linda22_
    @linda22_ 6 месяцев назад +1

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

    • @mrman9279
      @mrman9279 6 месяцев назад

      Which is better ?

  • @Dorothy_71w
    @Dorothy_71w 4 месяца назад +1

    May your journey be filled with laughter.

  • @fengjane4440
    @fengjane4440 2 года назад +2

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

  • @sawaji1618
    @sawaji1618 Год назад

    thank you for the explanation regarding the procuremen and purchasing

  • @NadaAAbbas
    @NadaAAbbas 10 месяцев назад

    What a great explanation! Thanks a lot!

  • @WorDouglas8
    @WorDouglas8 6 месяцев назад

    Simple and nicey PUT! Thanks

  • @paulinavictor7159
    @paulinavictor7159 2 года назад +2

    great to have your tips

  • @KiranKhan-ex1cb
    @KiranKhan-ex1cb 2 года назад +4

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

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    @George___d5q 4 месяца назад

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  • @vipinviswanathan2947
    @vipinviswanathan2947 3 года назад +1

    Good information. Thanks.

  • @rizalukman7982
    @rizalukman7982 10 месяцев назад

    Identifying,shortlisting,selecting and acquiring

  • @Laura__4p
    @Laura__4p 4 месяца назад

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  • @Linda_9o1c
    @Linda_9o1c 4 месяца назад

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  • @fredrickdavis876
    @fredrickdavis876 3 года назад +1

    Solutions oriented

  • @aoleminh5245
    @aoleminh5245 3 года назад +1

    Thank you, it is really helpful

  • @sannitigokul6484
    @sannitigokul6484 2 года назад +1

    Explained super

  • @OmoLola84
    @OmoLola84 3 года назад

    Brilliant explanation

  • @balvir1344
    @balvir1344 3 года назад

    very good contents

  • @asterixalan4267
    @asterixalan4267 9 месяцев назад

    thank you very much!!!

  • @yunshuchoi1145
    @yunshuchoi1145 Год назад

    it helped a lot! thanks!

  • @gladwelltsitsi4144
    @gladwelltsitsi4144 2 месяца назад

    One day upload the video and PDF of kairetsu relationship

  • @pgi6918
    @pgi6918 3 года назад +1

    This is very helpfull for me.

  • @wanderchimugoti2571
    @wanderchimugoti2571 Год назад

    Educative

  • @senamilemsomi3326
    @senamilemsomi3326 2 года назад

    Nice and easy

  • @khawarsatti1403
    @khawarsatti1403 Год назад

    Which software you use for video making and sound

  • @williuskenstein4623
    @williuskenstein4623 3 года назад +1

    at 0:47, acquiring not aquiring. :)

  • @Maria__424d
    @Maria__424d 4 месяца назад

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  • @niranjanpanchal4656
    @niranjanpanchal4656 6 месяцев назад

    Thanks

  • @bkt1818
    @bkt1818 Год назад

    Logistics study any advantage in pg diploma and dipolma

  • @mohamedjaghakonneh
    @mohamedjaghakonneh Год назад

    well-done!
    how can I access the pdf

  • @Donna_5irm
    @Donna_5irm 4 месяца назад

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  • @mustakes
    @mustakes 2 года назад

    Thank you 🙏

  • @mohamedfornie4059
    @mohamedfornie4059 3 года назад

    Thank you

  • @yasarmushtaq1
    @yasarmushtaq1 Год назад

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

    • @Educationleaves
      @Educationleaves  Год назад

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

  • @nyinyilwin9318
    @nyinyilwin9318 9 месяцев назад

    Can I Get PDF ?

  • @Edd211
    @Edd211 2 месяца назад +1

    At practice the difference is none

  • @mariocolindres6876
    @mariocolindres6876 7 месяцев назад

    4k kodlix?

  • @MohamedMohamed-qi1rb
    @MohamedMohamed-qi1rb Год назад

    Where is pdf

  • @Kevin__6ddg
    @Kevin__6ddg 4 месяца назад

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  • @mariocolindres6876
    @mariocolindres6876 7 месяцев назад

    Mental or Physical Labor?

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    @Charles___63 4 месяца назад

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  • @muhammedthoyyibmp9926
    @muhammedthoyyibmp9926 4 месяца назад

    Acquiring

  • @mariocolindres6876
    @mariocolindres6876 7 месяцев назад

    RESTECHNOLOGY©

  • @husseinmohamedabdi479
    @husseinmohamedabdi479 Год назад

    I need bdf pless

  • @Robert__y8z
    @Robert__y8z 4 месяца назад

    Hold onto your hats, here's important refund info

  • @ramubommishetti6620
    @ramubommishetti6620 2 года назад

    where is you pdf

  • @sureupdates-withdeuce1663
    @sureupdates-withdeuce1663 2 года назад

    Thank you