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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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The Essential List of Logistics Acronyms and Abbreviations for Retailers

Locus

BORIS – Buy Online Return In Store BORIS is another omnichannel fulfillment model where consumers can return their previously purchased online orders at nearby physical stores. In a way, this model is a win-win as it saves return logistics costs for retail businesses.

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What is Supply Chain Management? Importance & Benefits

QAD

Logistics is a larger focus for transportation companies. 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. Industry: carrier regulations, trade compliance and transportation.

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Top 20 Warehouse Automation Suppliers Worldwide

Logistics Viewpoints

ARC defines the warehouse automation market according to a number of qualifications and dimensions to deliver a well-defined measure, with numerous segmentations, allowing those that purchase the research to understand what is being measured, and to easily extrapolate the findings to support their strategic planning needs.

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16 Cost Reduction Strategies in Inventory Management

Unleashed

Instead, it sends the order directly to a manufacturer or another type of supplier, who then transports the order directly to the customer. Using this process for even some of your products saves on labour costs, fulfilment demands, warehousing space and administrative work. Learn more: Better Dropshipping with Inventory Management 5.

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PepsiCo’s Massive, Complex, and Difficult Greenhouse Gas Initiative

Logistics Viewpoints

PepsiCo is a very big company, the second largest food and beverage company in the world. PepsiCo generated $79 billion in net revenue in 2021, with 23 food and beverage brands that generate more than $1 billion each in retail sales. 294 manufacturing facilities produced more than 90 million metric tons of food and beverage in 2021.