Purpose- This study benchmarks the procurement practice of a small/medium sized company in Turkey with the procurement practice of a world-class company. First it is analyzed from beginning to end how the small/medium sized company operates its procurement function. The figures and tables are all real and obtained from sources of the company.  Methodology- The results are analysed and compared with a world-class international company. The procurement functions of the company studied under the scope of supply chain management are Demand Planning, Inventory Challenge, Supplier Approval, Supplier Performance, Supplier Relationship Management (SRM), Negotiation, Payment, Cost, Market Follow-up, Process Analyses of the Purchasing Activity, E-Auction and Kraljic Analyses (risk analyses).  Findings- We have recommended some structural changes to the company especially with the procurement process analyses. Some concepts and practices are new for the company as E-auction and Kraljic analyses. A contemporary understanding of procurement and its practice is a crucial progress and strategic vision for a small/middle sized company to have competitive advantage in the market.Conclusion- All the findings and recommandations for the company within this study which can be called as case study are related to concept of innovation as referring to changing processes or creating more effective processes, products and ideas.