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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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Should We Celebrate this Marriage?

Supply Chain Shaman

At the time, we were both deployed as consultants for Manugistics to help a manufacturing company to implement end-to-end planning. There is no solution to optimize source, make and deliver together or drive bidirectional orchestration to execute trade-offs between functions automatically. Manugistics is now owned by JDA.).

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The End of a Fairy Tale. Part 2.

Supply Chain Shaman

The example that I give in the first post is the focus of manufacturing strategies to drive strong results to improve Return on Assets (ROA) that have actually caused a deterioration in operating margin. Ten-year averages – food manufacturing companies. You got it! It is a low probability that this will ever happen.

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BidMode to join the EC Sourcing Family

EC Sourcing Group

October 13, 2020 / EC Sourcing Group, a leading global provider of SaaS sourcing technology solutions, has announced its acquisition of procurement solution provider, BidMode, with full terms of the merger remaining confidential. About EC Sourcing Group. Founded in 2001 and based in Morristown, N.J.,

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Uh-Oh! Insights On How P&G Failed And What This Means For You

Supply Chain Shaman

Keith led the work to move P&G from a regional to a global manufacturer opening up the Warsaw center of planning excellence and outsourcing IT to HP. Keith was an undisputed leader in building talent to drive manufacturing excellence. The company invested in multiple beauty brands and sold off food products.

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Seasoned Leadership in Action™! An Interview with Michael Massetti, VP at Gartner!

Supply Chain Game Changer

The biggest career transformation for me was after leaving Dell when I joined Lucent in 2002 and entered supply chain in technology sourcing. We dug that company out of terrible financial difficulty after the “internet bubble” burst in 2001. This was my first foray into the world of supply. I have not looked back since!

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The Batch Food Traceability Survival Guide

RFgen

Overview: Food Traceability Is a Growing Compliance Challenge. Calculating the Cost of a Food Recall. Additional Food Traceability Resources. Food and Drug Administration (FDA) first exercised new powers granted under the Food Safety Modernization Act (FSMA) to shut down processing at the Sunland Inc.

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