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What Exactly Is Procurement? And What is Purchasing?

Supply Chain Game Changer

But the job titles that he had during his career alternatively included either the word Procurement or the word Purchasing. When I was young I thought I had a somewhat clearer understanding of what my Dad’s Purchasing job was. But was that Procurement or was it Purchasing? And what is Purchasing? Purchasing .

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Category management is much more than strategic sourcing

Future Purchasing

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. Commercial teams take the lead and have intermittent touch-points with business stakeholders.

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Strategic sourcing: Improve your buying power

TYA Suite

In simple terms, strategic-sourcing helps companies make smarter purchasing decisions by focusing on the long-term benefits and working with suppliers that can help them succeed over time. This means looking closely at where the money is going, which products or services are being purchased, and which suppliers are being used.