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Sourcing and Procurement: One but Not the Same

Precoro

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Procurement. Contains fewer steps.

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FreightTech Investment Environment with John Larkin

The Logistics of Logistics

His mission is to help craft the firm’s growth strategy while assisting with deal sourcing, capital raising, and the creation of value within portfolio companies. Previously, Mr. Larkin joined Legg Mason (later sold to Stifel, Nicolaus & Company, Inc.)

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EC Sourcing Group “Top Provider to Know” in Latest Procurement & Supply Chain Rankings

EC Sourcing Group

“EC Sourcing also happens to be one of the most mature in capability, with a set of clever features that only comes from the battle scars of decades of managing sourcing events” — Spend Matters 2021. Today marks a both an exciting and also incredibly challenging time to be in procurement and sourcing.

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EC Sourcing Group “Top Provider to Know” in Latest Procurement & Supply Chain Rankings

EC Sourcing Group

“EC Sourcing also happens to be one of the most mature in capability, with a set of clever features that only comes from the battle scars of decades of managing sourcing events” — Spend Matters 2021. Today marks a both an exciting and also incredibly challenging time to be in procurement and sourcing.

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

The Logistics & Supply Chain Management Society

Some companies look for legal loopholes to help avoid or reduce duties without shifting production to other countries. Any of these creative ways to reduce tariffs payable by companies should be used carefully. Many companies buy forward inventory ahead of tariffs being implemented. without being subject to tariffs.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index). As companies grappled with growing and achieving global scale, the organizations became larger. We started the conversation with sourcing. Focus on Cost.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index). As companies grappled with growing and achieving global scale, the organizations became larger. We started the conversation with sourcing. Focus on Cost.