Difference between Procurement, Purchase Orders, and Requisitions

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To people outside the procurement industry, terms like Procurement, Purchase Orders, Requisitions, and the like might all sound like the same side of a very business-like coin. But there are important differences between all three.

Sure, they all play an important part in the business supply chain, and they sound impressive when strung together properly in a sentence — “Hey, Barry, did you write up a purchase order for the hula hoops requisitioned for procurement by human resources?”

But, they are all different. Knowing the difference between Procurement vs Purchase Orders vs Requisitions could save you time, money, and embarrassment at the next staff party.

save 80% procure to pay time

Here’s a quick guidelines on the differences between Procurement, Purchase Orders and Requisitions.

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With a passion for everything Digital Marketing, Nick Boariu is responsible for SEM, Web Analytics, Conversion Optimization, Content Creation, and wicked design! Nick brings an array of experience with backgrounds in Film, Design, Sales, Marketing, and Entrepreneurship.

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