article thumbnail

The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Logistics Viewpoints

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Make to Order: Here, products are manufactured based on specific customer orders.

article thumbnail

The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Procurement vs. Purchasing: What’s the Difference?

Logistics Bureau

The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. The Link between Procurement and Purchasing.

article thumbnail

The Role of the JIT Delivery System in Manufacturing Logistics

Kanban Logistics

During periods of growth, manufacturers of all sizes tend to come to the same realization: they’ve run out of space for equipment and people and need to expand. In this article, we’ll examine JIT in detail, explain how a 3PL can help you take advantage of it, and discuss how JIT is still relevant post-pandemic. This took up (i.e.,

article thumbnail

How CPG Brands Can Beat Disruption with Digital Manufacturing

QAD

Today, the choice for CPG manufacturers and supply chains is clear: future-proof with digital manufacturing technologies that can meet the customer where they are or be left behind. I discussed this topic in a recent article for Food Logistics , and wanted to share additional insights here.

article thumbnail

Why Manufacturers Need to Rethink AI in Supply Chain

Enterra Insights

The following article, written by me, was published in Industry Today on 27 May 2022. According to a 2021 Google Cloud report , 76% of manufacturers have turned to digital enablers and disruptive technologies such as data analytics, cloud, and AI due to the COVID-19 pandemic. Using AI to navigate unknown variables.

article thumbnail

What Is PPV? Purchase Price Variance Explained

Precoro

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Why Is Purchase Price Variance Important?