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DIFFERENCE BETWEEN PURCHASE AND PROCUREMENT

Created by : Kirtesh Shah, Head/VP/GM-Purchase/Material Mgmt, Duravit  | 09 17 2011 08:38:07 +0000
Keywords : difference between purchase and procurement
Activity:  152 views;  last activity : 09 17 2011 08:38:07 +0000
 
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SUPPORT Vs PROCUREMENT
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Support   Support
 
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YES PROCUREMENT IS OUT OF BOX THINKING THAN A COMMON PURCHASING. PURCHASING COVERS GETTING MATERIALS OF RIGHT QUALITY AND AT RIGHT PRICE WHILE PROCUREMENT REFRERS TO THE PROCESS STARTING WITH BRAIN STORMING E.G WHY THE MATERIAL IS REQUIRED? WHAT IS THE BEST COST , AND WHAT IS THE RIGHT TIME TO GET THE MATERIALS TO AVOID SHORTAGE AS WELL AS EXTRA COST OF INVENTORY . SO PROCUREMENT IS VERY MUCH ADVANCE THAN PURCHASE . KIRTESH G SHAH . HEAD MATERIALS DURAVIT INDIA PVT. LTD YES PROCUREMENT IS OUT OF BOX THINKING THAN A COMMON PURCHASING. PURCHASING COVERS GETTING MATERIALS OF RIGHT QUALITY AND AT RIGHT PRICE WHILE PROCUREMENT REFRERS TO THE PROCESS STARTING WITH BRAIN STORMING E.G WHY THE MATERIAL IS REQUIRED? WHAT IS THE BEST COST , AND WHAT IS THE RIGHT TIME TO GET THE MATERIALS TO AVOID SHORTAGE AS WELL AS EXTRA COST OF INVENTORY . SO PROCUREMENT IS VERY MUCH ADVANCE THAN PURCHASE . KIRTESH G SHAH . HEAD MATERIALS DURAVIT INDIA PVT. LTD
By Kirtesh Shah, Head/VP/GM-Purchase/Material Mgmt, Duravit  | 09 17 2011 08:38:07 +0000
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