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What is a Sourcing Agency and How does it work?

SCMDOJO

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

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Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

So, rather than get overly prescriptive, I’ll use this blog post to highlight some companies that have achieved success through excellence in inventory management , and outline some of the most effective elements of their strategies. At that point, each SKU will be taken to any convenient storage location in the warehouse.

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Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?

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Renting vs Buying an Industrial Tent – Which is Better for You?

Supply Chain Game Changer

It’s excellent protection against rain on what could’ve been a perfect day, too. You can attain an industrial tent by either buying or renting it. If you have an event coming up or need extra room for personal effects, continue reading to find out whether you should buy a tent or rent one. When To Buy. When To Rent.

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Why Procurement Management Tool is a Must for Efficient Purchasing

Precoro

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Low-Quality Documentation.

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Peet’s Coffee and the Roasted Bean Supply Chain

Logistics Viewpoints

Despite the significant amount of effort involved in going from running a business on Excel spreadsheets to implementing an enterprise resource planning (ERP), they are very grateful that their efforts to improve their supply chain agility were underway when the pandemic hit. The company has a sourcing team that vets the beans.

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5 Megatrends Shaping Supply Chain Innovations

The Logistics & Supply Chain Management Society

In these times of global turmoil, there are five (5) important megatrends shaping supply chain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supply chain management. From global to local and regional sourcing. Marco Tieman – CEO, LBB International.