Procurement vs Purchasing Explained

Описание: Confused between Procurement and Purchasing?
In this video, we clarify the key differences between procurement and purchasing, two terms often used interchangeably. Knowing the distinction is essential for career success in procurement and supply chain management.

🌟 What You Will Learn
Differences between Procurement and Purchasing
Responsibilities of each function in real-world organizations
How to improve efficiency and avoid overlap between teams
Foundation knowledge for CPSM, CIPS, or CSCP certifications

🔗 Recommended Videos in This Series
✔ Part 1: Common Procurement & Supply Chain Terms
✔ Part 3: 7 Steps of Strategic Sourcing
✔ Part 4: Category Management vs Strategic Sourcing

📌 Recommended Actions
✔ Like this video if it helped you
✔ Comment if you have any questions about procurement roles
✔ Subscribe for weekly procurement and supply chain tips

📚 Connect With Me
LinkedIn: linkedin.com/in/poonam-dewangan

#procurement #purchasing #supplychain