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

The Logistics & Supply Chain Management Society

The HS code determines the tariff a product will incur at the time of import. Reclassification is one way to pay lower or no tariffs at the time of import. Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains. For instance, law firms and consultants in the U.S. Product redesign.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer. The US GDP in 2021 grew at an unexpected rate of 5.7% Focus on Cost.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer. The US GDP in 2021 grew at an unexpected rate of 5.7% Focus on Cost.

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Supply Chain KPIs You’ll Want Every Morning

Logility

Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Delivered full / on time. Warehousing and transportation costs. Each of these events was completely devastating to the company concerned. Tri-Valley Growers. Significant loss of market share.

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Analog Supply Chains are an Anachronism in a Digital World

Enterra Insights

It was designed with linearity in mind: a singular focus on minimizing transport costs through building high-capacity, point-to-point distribution infrastructure. According to Wong and Steinberg, it was just a matter of time before the bad news started making headlines — with or without the pandemic. Yet cooperation will be key.”

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Boeing 737 MAX Door Plug Incident- Expanding Implications

Supply Chain Matters

Transportation Secretary Pete Buttigieg also indicated last week that regulators “ won’t be rushed ” into clearing the 737 MAX 9 model to fly again. This dashes any hopes by Boeing and impacted airlines for a timely remedy and resolution of the suspected loose bolts holding the door plug.

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