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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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Procurement vs. Purchasing: Similar but Different

Precoro

Or procurement? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Scroll down to find: Procurement and purchasing: side-by-side comparison table ; Procurement and purchasing defined. Procurement.

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Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

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Client Case Study Video Interview

Eyvo

Client Case Study Video Interview with Lucid Motors, Menlo Park, CA. So we sat down with supply chain analyst, Ming, and spent 45 minutes interviewing her regarding her and her team’s use of the software you can see highlights of part of the interview here in this video. Lucid Video Interview.

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How to Create a Production Schedule (with Example & Tips)

Unleashed

Here’s the difference between a production plan and a production schedule: A production plan is a document containing a top-down view of manufacturing processes, requirements, and forecasted demand for a product. Play Video about Video thumbnail for youtube video xemo7terjvg 5.

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BOM Management: How to Efficiently Manage a Bill of Materials

Unleashed

These components help manufacturers to effectively plan, source, and manage the production process. It also acts as a crucial document for coordination among different teams – such as design, procurement, production, and quality control – ensuring everyone is on the same page when it comes to manufacturing.

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DDMRP – “Where’s the Beef”

Logility

Unbelievably, we didn’t have computers, video games, or mobile devices back then so really the only form of in-home visual electronic entertainment was the TV, and by that I mean broadcast TV with maybe 10 channels of low-definition content if the rabbit ears were pointed in just the right directions.