Procurement and Purchasing: What’s the difference?

Posted on February 21st, 2021 by Mariel Nowack

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Purchasing and procurement are often used interchangeably but there’s a distinct difference between the two. Purchasing is an activity of procurement. It’s one step in the procurement process and is simply the buying of goods and services.

Procurement is all important steps to make good purchasing decisions.

Procurement

Purchasing

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