What is the difference between procurement and purchasing? - from our Consultancy Services -

Updated: Nov 6, 2019

Often people have a miss understanding of procurement officers and purchasing officers.

So, what is the difference between procurement and purchasing?

Many people use the terms purchasing and procurement interchangeably, but despite their similarities, they do have different meanings and functions In a nutshell

• Procurement deals with the sourcing activities, negotiation and strategic selection of goods and services that are usually of importance to an organisation.

• Purchasing is the process of how goods and services are ordered. Purchasing can usually be described as the transactional function of procurement for goods or services.

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