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

The Logistics & Supply Chain Management Society

Ensuring that any approach is fully compliant in order to avoid having to relocate production or supply sources often takes up a lot of internal resources. Many companies buy forward inventory ahead of tariffs being implemented. This practice is illegal. Operational strategies. Buying forward. Relocating production from China.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

Source E2open Shipping Index). Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. We started the conversation with sourcing. Lucas had a team that dictated sourcing based on excel spreadsheet analysis to reduce cost and improve tax efficiency. Less Collaborative.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

Source E2open Shipping Index). Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. We started the conversation with sourcing. Lucas had a team that dictated sourcing based on excel spreadsheet analysis to reduce cost and improve tax efficiency. Less Collaborative.

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How to Find Business Opportunities Amid the Coronavirus Supply Chain Crisis

ToolsGroup

Apple launched the iPod in 2001 during the dot.com bubble. A system that optimizes inventory (especially in a time of turmoil) can remove excess capital and focus those resources on products in high demand. Many people don’t shop around once they have found a reliable source.

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Inflation is Back Up – Are you Ready?

Herlitz Inventory Management

Growing up with a father who developed inventory management software for a living spawned some interesting conversations around the dinner table. source: tradingeconomics.com. It hasn’t been lost here at Herlitz Inventory Management! source: thebalance.com. appeared first on Herlitz Inventory Management.

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ZF’s Transition from Lean to Supply Chain Resilience

Logistics Viewpoints

ZF has been working with a supply chain solutions provider called SupplyOn since 2001. Lean cuts inventory out of the supply chain. But when things go wrong, lean can lead to large losses in sales because there are no just-in-case inventory buffers. ZF’s Digital Supply Chain. This did adversely affect their financial results.