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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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Is the FAR getting in the way of Early Supplier Involvement in defense projects?

NC State SCRC

The concept level design phase is typically summarized in a system concept document. This phase is followed by system level development, resulting in system performance requirements and description documents. The subsystem and component level phase yields product performance requirements and design documents.

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Seasoned Leadership in Actionâ„¢! An Interview with Michael Massetti, VP at Gartner!

Supply Chain Game Changer

The first huge project I was part of at Dell was our transformation from paper documents in the computer boxes for businesses to what we called E-Docs for electronic documentation. We restructured all of the documents and created one of the first service-oriented websites so all of the information was available on line.

Gartner 74
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Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

The company branded as GT Nexus in 2001 and purchased Tradecard in 2013. The Ariba infrastructure is so heavily entrenched in indirect procurement processes that it is hard to adapt to the solution to manage direct materials in the supply chain. The traditional EDI approach inserts a day latency to open and read documents.

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Our Walk In The Fog

Supply Chain Shaman

While there was a brief flurry of activities in the building of trading exchanges in 2001-2003, but only 10% survived. the current flows are one to one mainly via documents. Today, these are becoming Supply Chain Operating Networks with mapping, onboarding and process canonicals. As shown in Figure 3. One of the barriers is focus.

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An Empty Chair….

Supply Chain Shaman

When I was a Gartner analyst in 2001, there were over 120 B2b platforms. 92% of companies have a corporate social responsibility document, 65% of carbon and waste lie outside the four walls of the organization; yet, only 20% of companies take responsibility for the sustainability impact of their extended network.

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Why Is It So Hard to Find Good Help These Days?

Material Handling & Logistics

Instead of using Google to search scientific literature, imagine hundreds of women using massive mainframe computers searching for physical documents based on key words submitted by scientists. Omni-channel begat sharing sourcing, procurement, allocation, deployment, inventory, and yes in many cases, distribution.