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Thanks. Feedback is always appreciated...

I totaly agree this comment

Thanks for the feedback.

@Yves me? Cranfield in the UK.

@@supplychainsecrets evening Thankyou for this video. What are the most excel formulas used in purchasing.

@@supplychainsecrets Hi there, great video. I am new to procurement and purchasing. And im Interested in pursuing this career. Where can you recommend I start. Thanks

@@RWarrior777 Seems I saw u with other comment !!!

Great to hear!

I guess it is...

Sure has!

Glad it was helpful!

Our pleasure!

Awesome! Thank you!

Trent is not really a Guest. He's part of my consulting business. We just posted another video with Trent.

A lot of people get them confused.

Glad to be of help.

You're very welcome!

You're welcome!

@@supplychainsecrets mkmny. . B ç

People like to make hings complicated!

@@supplychainsecrets You have simplified it ....good work

It is not a concept. Purchasing is a verb and Procurement is a noun

No problem. Trent, we need more!

@@supplychainsecrets maybe some focused on the different elements we discussed... category, sourcing and SRM?

@@trentmorris8442 . Let's book in some studio time!

Great insight!

Thanks Ismail. Glad you enjoyed it.

Glad you liked it!

Hope it helps

@@supplychainsecrets it really helped me my friend. If you have linked in, please inform me. Thanks

@@viniciusteles2368 www.linkedin.com/in/robobyrne/

Many thanks. We thrive on feedback :-)

Glad it was helpful!

Glad you enjoy it!

LOL> And some complain the videos are too short and rushed .......... I'm like you though. 🙂

@CoCo Initially I have difficulty also to understand despite great explanations & elaborations given by Trent. But Rob aka @Supply Chain Secrets summarise it brilliantly i.e *Procurement = the process of acquiring goods or services *Purchasing = buying/paying for the goods or services

Glad you think so!

Glad it made sense...

Glad they are helpful. Good luck in your studies. I often do lectures for Universities. Where are you studying?

@@supplychainsecrets I'm Studying in Robert Gordon University, Aberdeen

Glad it helped!

That's a good way to put it

Sure, we'll do some more on purchasing.

glad you liked it.

Glad it was helpful!

Thanks for watching!

Glad you think so!

Glad you enjoyed it!

Glad you think so!

Hi Vaibhav, A Global sourcing category manager will typically be a person who either has global coverage or global authority. In a lot of companies sourcing and category are two separate functions; category being responsible for developing the strategy of how materials and services are going to fulfil the requirements of the company, and then managing stakeholders during the sourcing process. The sourcing team is usually quite outwardly focused and is specifically looking at fulfilling the requirements presented by the category team for the most competitive price.Whilst it is not uncommon for the one person to cover both functions, it does make it difficult to remain unattached during the sourcing process. A good example in the oil and gas space might be for the provision of offshore support services, whether that be aero or maritime. The category manager would be responsible for defining what the company needs, ensuring that the following teams have input: operations, health, safety and wellbeing, quality, regulatory, public relations, legal, finance, tax, etc. Once the strategy was defined they would then get the sourcing function to take the final plan to market and only talk to suppliers who met all of the basic requirements. That way all vendors bidding for the work are competing on a level playing field.

Glad it helped.

Glad it was helpful!

Most welcome 😊

Thank You for joining us.......

That's great to hear!

Do you mind explaining how you got into procurement? What education did you need and how you did it etc.

Wts ur education?

Yes, sure

Glad you liked it

Do you know what I say to people who want to start a trucking business? But a coffee shop instead 🙂 It's a very tough industry. Very competitive and low profit. Not sure how it is in your country? Where are you?

THe contact will vary from company to company. Depends on size, industry, structure. Could be procurement, logistics, transportation or in small companies the warehouse manager.

Our pleasure

I'm not familiar with their work, sorry. This sounds like an study assignment question 🙂

Thanks.

Glad you liked it

@@supplychainsecrets I loved it mister.

I might ask Trent to share a view on this, but from my own perspective, Government Procurement can often be structured differently. This can be due to an increased need for governance and sometimes the very large spend involved. For that reason it will often report direct to the CEO, rather than in some commercial organisations, where it is deemed part of Supply Chain.

Agreed!

Glad you think so!

Thank you.

HI Sudeesh, great question. It really depends on how your organisation decides to define the role. However typically a material buyer would be the person responsible for the actual purchase of raw materials, in accordance with supply contracts, destined for manufacture or construction. They may also be involved in operational planning in areas like sequencing or coordination. A Supplier Relationship manager is the person responsible for the overall performance of the contract. They ensure that all parties are adhering, and hopefully receiving benefit from, the relationship. They would normally work closely with the Account Manager on the Vendor's side. That being said in smaller organisations they could possibly be the same person.

There will be a team for purchase Dept Managerial level work will be done by manager Purchaser will do his role and responsibility his designation is small and will coordinate with purchase manager and purchase manager discuss with cost controller as this amount is in their budget or over budgeted and then these both people discussed with finance manager and chief procurement officer to proceed or to need discuss with CEO of the company and then they will decide to proceed or to stop CEO decision will be final decision as per cost of the purchase request and another part client approval also is a mandatory to proceed to purchase the permanent material as per client approval Without higher authority approval purchase Dept or procurement Dept cannot do any work in purchase field Lot of approvals needed to purchase one permanent material except consumables and small tools and remaining all material approvals must Purchase roles and responsibilities are very big procedure I have 15 years exp in purchase field but still day by day I learn new things in purchase field Purchase and procurement team have to look logistic Dept also import and export of material and scaffolding etc from one country to another country Purchase and procurement is very big sea it will not end of any procedure One problem will go and another problem will come in this field This work is joyful work with lot of complications We have to fulfill every person's need of material at all sites Many sites many different construction managers requirement it is difficult to handle one or two person on the dept Purchase dept and procurement dept is very big sea it is unend up of work

Glad it helped!

Glad you liked it

Thanks. Glad it made sense.

Thanks. Glad you liked it.

Always the same advice. Get a 'foot in the door', work hard, keep building your knowledge and education, take on opportunities, get noticed.....

The answer is on point

I would have said that sourcing category management is part of procurement.....

Purchased 🙂 That was the act of buying it. The 'Procurement' process was doing all the research on what was the best car to buy for your needs and checking the prices.

@@supplychainsecretsOkay, now I get it. Thanks for clarifying :)

That's quite a good way to put it!

Welp! This summed it up for me Mike. Thank you 😊

That is a huge question! It would take a book to answer it

We all have our different perspectives and interpretations. This is ours 😉

True. I really like your channel and I have a lot of tips in the Supply chain Field. Thanks for your support.

Hi Sudipto, we might do some in one of our channels focusing on consulting. In the meantime, feel free to explore the channel and you might find some topics that could help you. Here's the link: www.youtube.com/@ConsultingBusinessSchool

Thanks. Glad you liked it.

I’m sorry, I’m not aware of any suitable courses.

You can contact the chartered institute of procurement and supply CIPS

Sorry I don't have any information on that.

@@supplychainsecretsThank you for the prompt message. Look forward when you can, no worries as I follow you.

Yes, that's it!

Purchase is a part of procurement. Sourcing+Contract Setting+Purchasing (goods / services) = Procurement

Our Pleasure

We'll have to get him back on the channel soon 🙂

Interesting perspective 🙂

Not really. online shopping is the consumer buying things. Procurement is a business buying things, often to sell them to the consumer or convert them in some way before sale.

I think to a degree it can depend on the size of the business and hence the size of the procurement and purchasing teams. It's probably also worth saying, as many people take these things very literally, that there are no 'rules' that must be followed.

@@supplychainsecrets Thanks for your reply. I rewatched the video and agree with nearly all of it. I agree that the size of the company can impact the blending / non blending of the purchasing and procurement functions, but I understood your video sets out primarily with the goal to differentiate these functions. Your guest's cited experiences are with large companies, so this was my context for my comment - that purchasing and procurement should be ideally in different functions and not be the same person doing procurement and purchasing for sake of conflict of interest. Moreover I find that 'purchasing' teams generally are a subset of operations especially when it comes to direct materials - not procurement. Indirect materials nearly anyone in the company can be doing the 'purchasing' so it is important to point out that Procurement is really a function on its own - which really makes the biggest difference between the two. Purchasing is more an process within a function as opposed to being on its own. Procurement is a function. Still...I agree with majority of the content presented here. Also I might agree with your comment about 'rules' with two caveats - my impression is you are presenting best practices - not rules, so this was my interpretation and lets not forget most companies actually do have a procurement policy in place which do indeed represent rules and the ideal of conflict of interest is one of those matters which procurement have to tackle in the company procurement policy. I appreciate what you are doing and thank you for the dialog. I hope you invite discussion to your videos.

glad you find it useful.

Good topic. Yes.

You're welcome!

I'm not sure I fully understand your question, but let me put it this way. The purchasing 'manual' might be used by the purchasing 'staff' carrying out the purchasing 'function'.

Two quite different departments usually. Depending on the business structure, they might both report to the CFO.

Glad you liked it

Glad you found it useful. We'll do some more with Trent.

@@supplychainsecrets that would be great. Interested in Sheri's input also. I am a woman with agricultural and construction backgrounds with a double business degree in international business and finance. Looking for info on breaking into procurement and American exports. Maybe physical commodities or building materials.

No, Trent is part of my team at Logistics Bureau :-) www.logisticsbureau.com/

@@supplychainsecrets Great thank you, i will take a look :-)

Not sure I really understand that. Could you explain a bit more?

@@supplychainsecrets hello, I’m working on a innovation & R&D project and to cover the capital cost For instead I would like to use the same principles and method real estate companies use when they sell long term term development lease to development companies in financing & handling the development of residential projects,

Moving to another country for work is not an easy thing usually. It all depends in Visas.

Sorry I don't know much about purchasing in engineering.

Depending on the size of the business, you could tray approaching the CFO, Procurement Manager, Head of Indirect Procurement, Purchasing Manager.

I will try to behave better in interviews 🙂

They are 2 different things. Did you watch the video?

Procurement fresher salary scale???

@@muzahidhasan6962 Very hard to say, depends on the business and country........

Thank you

Google translate might help :)

LOL

Sorry about that! I'll ask Trent back again soon and won't rush him 🙂

Both!

Glad you liked it