Procurement vs Purchasing (Supply Chain Basics)

Back with another video, we are digging deeper into the topic of procurement and we will discuss the difference between procurement and purchasing in supply chain management. This was a question our viewer AZEEZ MAHAMMAD posted on the comments. Please feel free to post your questions on our comment section or tag us on social media @MVCLogisticsAcademy

This is all part of our Learning Logistics series where we discuss the basic Supply Chain and Logistics concepts.

We covered the definition of PROCUREMENT in an earlier episode, so feel free to go back to that one if you need a refresher, and I also covered the definition of LOGISTICS in the beginning of the series. Both videos are liked below:

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KEYWORDS: What is procurement, procurement, supply chain design, logistics videos, youtube videos about logistics, videos about supply chain, Learning Logistics show, logistics education and training, MVC Logistics Academy YouTube channel, MarvikCo Logistics LLC.

[jonaschelle]

you are the best. your 6 minutes video gives more insight than 6 weeks in the boring class room thank you prof.

[jaycee]

Six minutes of concise detail; wish more people could provide this. Thanks!

[yoyocr]

Crisp and to the point. This is what I need in one click instead of scrolling for hours and hours. Thank you

[FeraldiMarco]

Sharp + clear + concise + informative = Excellent

[zariahstar]

Amazing.. you broke it down so well.. I feel like I can take on the world

[MrHelmiaziz]

Yes, paperwork is very important. It’s to trace backdated works.

[biswajitsaha]

Absolutely it's been a handy note. In addition, may I know the more specific role for the purchasing dept like place PO sheet, taking goods or service from concern party, etc. thanks!

[idaliaaguilar]

Hello Professor, can you please talk about all the required documentation for delivery. Thank you for you videos.

[OnalennaMalgas-pf]

Hi prof

I've been a huge fan of your content on Your videos are always informative, engaging, and well-produced.

I was wondering if you'd be interested in creating a video about materials and logistics?

[ALUSINEKAMARAFODAY]

I hope you'll analyze the scope and influence of procurement for me?

[jacksonduval]

In my experience, procurement, buyer, and logistics are all 1. Most jobs you will do all 3

[MylesBiti]

Hi Prof, thank you for the insightful presentation. What's the main responsibility of an Operations Manager in Procurement?

[michaelmartin]

A lot of companies call procurement purchasing to pay some employees less even though most purchaser do most of the procurement as a whole

[mohebulahbarakzai]

thank you for your information it's very useful, but if you can make custody veidows and showing on job training
that would be very easy

[ahmeds]

Please ellaborate between supply chain and procurement

[SimpleBk]

Hello Prof. Can you give an insight on what is the best pricing approach in Frame Contract covering multiple network technologies with option of Unit Price List (UPL) and Global Price List (GPL). Thanks in advance

[aal]

Can you please make a video of the basics we need to know for an interview?

[koal]

What's the importance of negotiations in the procurement process and does the meaning of insourcing and outsourcing in the procurement management process and function? Their difference, similarities, and relationships

[onichristopher]

What is the challenge in procurement and purchasing due to dollars high rate now?

[jfinesproductions]

Thinking about studying supply chain I love making art and consider myself a creative individual is there any part of supply chain you suggest I look into?