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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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The Power of the Network: ERP vs. Spend Management

Logistics Viewpoints

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

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15 Types of Manufacturing Software (+ Who Benefits from Each)

Unleashed

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What are its advantages and disadvantages?

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Supply Chain Department – A Typical Structure

SCMDOJO

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

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Supply Chain Planning Software Vendor Selection: What they Won’t Tell You

Logility

Document and agree to what your next supply chain planning technology must deliver for you. Apart from the supply chain, operations, procurement and IT teams, also consider sales operations, finance and more. They will be responsible for the day-to-day operations of the project, documentation of goals, milestones, and communications.

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Risk Management in Halal Supply Chains

The Logistics & Supply Chain Management Society

Halal risk management practices of most companies are passive, meaning it is limited to the compliance of suppliers and their own (manufacturing) operations based on the requirements of the halal certification body and their halal standard(s). On the other hand, halal risks in the entire supply chain are not on their radar screens.

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Five Foolproof Ways to Shorten the Cash Conversion Cycle

Precoro

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. Higher chance of heavy reliance on external financing sources, such as loans or credit lines. According to The J.P. But how can companies unlock this capital?