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Procurement vs Purchasing | Key differences between procurement and purchasing
Manage episode 453970448 series 2500761
Many people mistakenly use the terms procurement and purchasing as if they mean the same thing. While they are closely related and often overlap in practice, they represent two distinct concepts in the business world. Understanding the difference is critical.
Link to What Is a Purchase Order and How Does It Work? What You Need to Know https://youtu.be/rnZD3qJOzoA
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
100 Episoden
Manage episode 453970448 series 2500761
Many people mistakenly use the terms procurement and purchasing as if they mean the same thing. While they are closely related and often overlap in practice, they represent two distinct concepts in the business world. Understanding the difference is critical.
Link to What Is a Purchase Order and How Does It Work? What You Need to Know https://youtu.be/rnZD3qJOzoA
Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1
Looking for more of the most current business intelligence about
+ Best practices around your payment and accounts payable function
+ Current and new fraud protection protocols
+ The newest technology impacting your accounting, accounts payable, and payment functions
+ Career advancement
+And much more!!
+++++++++++++++++++++++
See most recent videos at: https://www.youtube.com/@APNow/videos
See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB
Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V
Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_
Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby
100 Episoden
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