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Thread: Difference between Purchasing,Procurement and Supply Chain

  1. #11
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    Default Re: Difference between Purchasing,Procurement and Supply Chain

    I was always confused about the difference between the three. This clears things up nicely!

  2. #12
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    Default Re: Difference between Purchasing,Procurement and Supply Chain

    Purchasing and procurement the two a just separated with a thin line tho procurement stretch as step of contract signing , from supply chain both are games played within it depending on the perspective you take towards each of them.

  3. #13
    Diamond Member Corzhens's Avatar
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    Default Re: Difference between Purchasing,Procurement and Supply Chain

    Purchasing versus procurement. Over here, when we say purchasing that means we have to buy the needed supplies so a bidding process is in hte offing. For procurement it can be purchasing too in a way but it is more of an ordering system to a supplier that has a contract with the company.

  4. #14
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    Default Re: Difference between Purchasing, procurement and supply chain

    Simply, purchasing is an operational means of obtaining goods at all cost by all means,but procurement is a strategic process of acquiring goods whereas supply chain is the organization of the process, information and resources to obtain goods and services.

  5. #15
    Diamond Member Corzhens's Avatar
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    Default Re: Difference between Purchasing, procurement and supply chain

    Quote Originally Posted by nana View Post
    Simply, purchasing is an operational means of obtaining goods at all cost by all means,but procurement is a strategic process of acquiring goods whereas supply chain is the organization of the process, information and resources to obtain goods and services.
    May I add that purchasing is actually buying so you need to pay in exchange of the goods that you acquired. Procurement is getting the goods regardless if you had paid for it or you got it for free. Just like the sand that is delivered to the hardware for construction supplies, they procure the sand from the seashore but it cannot be said that they purchased it for they got it for free. That is just one example on how to differentiate purchasing from procuring. It is just the proper use of words.

  6. #16
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    Default Re: Difference between Purchasing,Procurement and Supply Chain


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