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Sourcing and Procurement: One but Not the Same

Precoro

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

The Chief Financial Officer gained more presence with procurement and IT reporting to finance. Still, organizations are less willing to test and try technology innovation due to the restrictions and guide rails placed on software procurement and deployment. Data Sharing and Procurement. Focus on Cost. A Decline in Innovation.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

The Chief Financial Officer gained more presence with procurement and IT reporting to finance. Still, organizations are less willing to test and try technology innovation due to the restrictions and guide rails placed on software procurement and deployment. Data Sharing and Procurement. Focus on Cost. A Decline in Innovation.

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Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains

The Logistics & Supply Chain Management Society

China trade war is causing what has been described as the biggest cross-border supply chain shift since China joined the WTO in 2001. His experience covers the full Logistics spectrum, from raw material procurement to physical distribution and eventually Customer Service and care, with a strong grounding in Quality and Six Sigma.

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How Cloud-Connected CAD and PLM Drive Collaborative and Streamlined Product Development

Arena Solutions

Some include: Lack of understanding of the end-user goals and challenges Inability to mitigate risks or unforeseen disruptions Poor product quality or design Lack of product differentiation To illustrate, the Segway Electric Scooter’s introduction was met with a fast demise in 2001 due to its inability to solve consumers’ real-world problems 1.

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Boeing 737 MAX Door Plug Incident- Expanding Implications

Supply Chain Matters

The Reuters report indicates that Alaska Airlines had indicated that the airline “ engaged in a candid conversation ” with Boeing CEO Dave Calhoun and the plane maker’s leadership team regarding quality improvement actions. The Journal report makes reference to a white paper published in 2001 penned by a then Boeing aerospace engineer.

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Supply Chain KPIs You’ll Want Every Morning

Logility

Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Fill rates, Perfect Order, Delivery Quality, Inventory turns, Order Status. Daily supply KPIs are related to the interaction between your suppliers, procurement and production. Bankruptcy.