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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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Sustainable procurement: Everything You Need to Know

Precoro

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

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What is Supply Chain Management? Importance & Benefits

QAD

E-commerce brands must oversee design, manufacturing, sourcing, warehouse inventory, shipping and delivery. Supply chain management is typically broken into three large buckets of intricate processes and roles: Concept: the full cycle, from sourcing and procurement to fulfillment.

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The Magic of the Coca-Cola Supply Chain & What Companies Can Learn

RFgen

The Coca-Cola supply chain can be a role model for how beverage manufacturers can improve efficiency. With 48% of global market share and two of the world’s top three beverages, it’s no secret that Coca-Cola is a successful brand. ALSO READ: Be like Coke with a mobile food & beverage supply chain ». Distributor.

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

Unleashed

Source: g2.com These include inventory management, supply chain operations, procurement, project management, financial management, risk management and compliance. Who is food & beverage manufacturing software best for? Food and beverage manufacturers, hospitality, FMCG manufacturers. Original equipment manufacturers.

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The Effects of a Recall Can Be Minimized With a Connected Supply Chain

DynaSys

The supply chain can be the roadmap to follow to determine the how, the what, the why, the when and the where’s the source of the problem as the supply chain covers the entire cycle of the process from ingredient to finished product. Food and Beverage manufacturers have been putting lot numbers on products for years.

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Artificial Intelligence is Driving Real Supply Chain Improvement

Logistics Bureau

Source: ARC Advisory Group Strategic Report. Machine learning technology is increasingly being used to drive warehouse management and control systems, since it can parse data from multiple sources to calculate the time required to complete warehouse tasks. AI as an Aid to Procurement Communications. WMS for the E-Commerce Age.