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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. 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

Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains. Feature Article by Dr. Raymon Krishnan – President at the Logistics and Supply Chain Management Society. Alternatively, you may want to relocate – totally or in part – where your product is manufactured.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

Source E2open Shipping Index). With 65% of supply chain professionals members of the Millenials and Gen X generations, inflation is new. The members of the supply chain organization have never managed through a period of growth, inflation, and unprecedented supply variability. Focus on Cost.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

Source E2open Shipping Index). With 65% of supply chain professionals members of the Millenials and Gen X generations, inflation is new. The members of the supply chain organization have never managed through a period of growth, inflation, and unprecedented supply variability. Focus on Cost.

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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. My goal was to implement demand and supply planning. (The How Do We Connect Supply Chain Planning Architectures to Transportation Planning? I celebrated a supply chain IPO.

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Supply Chain KPIs You’ll Want Every Morning

Logility

A quick scan of the Internet will yield a long list of “the biggest-ever supply chain disasters”. Would access to better supply chain and IT performance information have helped avert or mitigate these failures? Their supply chains must be flexible and responsive to customer and market needs. Item fill rate.

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Analog Supply Chains are an Anachronism in a Digital World

Enterra Insights

Supply chain processes are not immune to this trend. EY analysts Edmund Wong and Glenn Steinberg ( @GlennSteinberg ), ask, “Are you running an analog supply chain for a digital economy?”[1] They explain, “The global supply chain is a creation from the past, ill-suited to today’s fast-changing world.