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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 Perfect Procurement Plan: Why Visibility Into the Supply Chain Is Important

Turvo

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.

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Six Must Have Supply Chain Capabilities for Success in the Food and Beverage Industry

Logility

Last week we shared five capabilities to help take the Food & Beverage supply chain to the next level. Accurate forecasts help minimize inventory, maximize production efficiency, streamline purchasing, optimize distribution and ensure confidence in company projections. Time-Phased Replenishment Planning.

Beverage 100
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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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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. Set reorder points for your most frequently purchased items As your business grows, it can be difficult to keep track of the right time and stock level at which to reorder more products.

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How Connecting Your TMS Saves Time and Money

CH Robinson Transportfolio

In your personal life, you can use a variety of devices to make purchases—from your phone to your smart TV, it’s all possible within whatever device you’re using. Now you can obtain transportation services where you already operate as well. Why supply chain connectivity is important. Cost savings in loose markets. Route guide failure.