What’s the Difference Between Purchasing and Procurement? Why Does It Matter?

Graph listing Operational purchasing and accounts payable as part of purchasing and all other activities linked to purchasing (such as sourcing) linked to procurement

I’ve heard “purchasing” and “procurement” used synonymously more times than I can count. Though these terms refer to concepts in the same realm, it’s important to understand the nuance between the two when “nerding out” in functional discussions (Oh… Am I the only one who does that?). All kidding aside, the distinction is important enough […]

Procurement Function Overview

Graph outlining the primary and support activities needed to run a procurement function as defined by Pure Procurement

To understand the context of my procurement posts, which can often get very detailed, you need to have a basic understanding of procurement to build upon. Let’s take the tour. The first place I like to start is the “world famous” Porter Value Chain as it is a good framework to use as a lens; […]