The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows...
What people get wrong? They always focus on price. Tip: Understand what the requirements of the business are. Focus on the things that are important to the company. Quality Cost Collaboration Compliance My recommendation is to do it the opposite way, start with...
In this 8-minutes video, Trent Morris will answer these following questions that are certainly very helpful for those confused between the difference of Procurement and Purchasing. What’s the difference between Procurement and Purchasing? Can we use the terms...
In this video I talk to Procurement expert Craig Lardner about procuring knowledge services. Can they be sourced just like widgets? Or does it require a different approach? We’ll follow this up with some Guides and Templates for you… Can they be sourced just like...
Well, I asked David Riddle one of our purchasing management experts, exactly that question! I hope his answer helps you. What is Purchasing? Are purchasing and procurement the same things? Or are they different and, if so, how? That’s a great question, because they...