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What Exactly Is Procurement? And What is Purchasing?

Supply Chain Game Changer

Check out What Exactly Is Supply Chain Management? For his entire career my Father worked in the field of Procurement. But the job titles that he had during his career alternatively included either the word Procurement or the word Purchasing. But was that Procurement or was it Purchasing? What exactly is Procurement?

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Category management is much more than strategic sourcing

Future Purchasing

In contrast, strategic sourcing is the process used by Procurement teams to source products and services for the business. It creates cost efficiencies across spend categories and minimises supply risks through improved supplier selection. Data gathering focuses on spend analysis and supply market research.