Logistics Viewpoints
APRIL 6, 2023
Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. The purchasing of products at companies can be looked at in terms of two major dimensions: supply risk and impact on production (Figure 1).
Precoro
NOVEMBER 13, 2023
One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Why Is Purchase Price Variance Important?
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Precoro
AUGUST 14, 2023
More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?
Precoro
JULY 16, 2023
The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.
ThroughPut
MAY 3, 2024
77% of the world’s largest ports are still facing backlogs, and that doesn’t just affect your logistics efficiency and costs, it impacts your entire supply chain and business. That is why logistics management software (LMS) is so much more today than what it used to be. Logistics has, however, come a long way.
Logistics Viewpoints
FEBRUARY 20, 2023
There is also managed planning, where a services firm uses a supply chain system to forecast demand, and plan replenishment and manufacturing. This is much less common than contract logistics or even managed transportation. This model comes from a partnership between GEP and Eliant Inventory Solutions.
SCMDOJO
SEPTEMBER 18, 2023
In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.
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