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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

(Examples include alternate sourcing, bill of material changes or alternate modes/routing between the planning, procurement and transportation.) The groups of supply planning, procurement and logistics operate within silos. So, much so, that I often introduce people to each other within their own companies. History of E2open.

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

Supply Chain Game Changer

We dug that company out of terrible financial difficulty after the “internet bubble” burst in 2001. We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spend management area. My tenure at AMD was amazing.

Gartner 74
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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. Founded in 2001 and based in Morristown, N.J., Morristown, N.J., About EC Sourcing Group.

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

Supply Chain Shaman

The company invested in multiple beauty brands and sold off food products. While the company’s investments in manufacturing scheduling and demand sensing improved outcomes, the organization under-invested indirect procurement and network design. In this period, P&G attempted to grow through acquisition.

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Seasoned Leadership in Action™ Interview Excerpts: Lessons Learned by Global Leaders

Supply Chain Game Changer

” Here is a summary of how these Global Supply Chain and Business Leaders responded and shared their lessons learned: Kristie Syndikus, VP Procurement at Maple Leaf Foods. In reality, a few abrupt moves and getting laid off in 2001 by Dell drove a sharp left-hand turn in my career in 2002 that evolved to where I am today.

Global 53
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Why Is It So Hard to Find Good Help These Days?

Material Handling & Logistics

Across the board, from fast food to manufacturing, what we are hearing, to put it into simple terms, is an over-the-top request to develop and implement site, equipment and task-specific training programs. Omni-channel begat sharing sourcing, procurement, allocation, deployment, inventory, and yes in many cases, distribution.