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Purchasing

When Jarvis Meets Alfred

Marvel and DC have a novel way to predict what our near future would look like in 2050 and beyond. Let’s consider the work of Stark Industries and Wayne Enterprises. Both are technology organizations — one develops and manufactures advanced weapon and defense technologies, and the other is a military defense contractor that has dozens of umbrella companies involved across multiple sectors.

Purchasing vs Procurement – What’s Really the Difference?

When does purchasing become procurement and when is procurement actually just purchasing?  Are the two terms not simply interchangeable?

We can begin with some standard definitions:

Purchase:  to obtain something by paying for it.

Procurement: the action of obtaining or procuring something.

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