Procurement is the process of obtaining raw materials/products, services for business and can also involve processes such as negotiating, agreeing on the delivery details, quality and quantity.

Purchasing is a process of acquiring the goods which the company wants and includes processes such as ordering expediting, receiving and fulfilling.

Procurement is a larger set of activities than purchasing for large-scale operations procurement can be preferred as it allows a higher level of customization in the quality. quantity, time of delivery, transport,

and various other factors. whereas in purchasing the product is delivered at a time that is comfortable for the retailer or manufacturer.

The processes for procurement are pre-planned and take place before during and after the purchase whereas delivery is a straightforward process.

Procurement is mostly done in a production environment and purchasing is done in a wholesale environment.