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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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Prescriptive Analytics for Supply Chain Optimization: 6 Powerful Use Cases 

ThroughPut

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

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Do You Know Your Suppliers? Counting the Cost of Ignorance

QAD

A recent Quality Digest article suggested that “ethical supply chain management is being fueled by consumer demand, profitability, and visibility. The concept of ethical sourcing has risen in popularity during the past four years.” . found that consumers would stop purchasing brands with ethics issues. Consumer Buying Trends.

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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. Don’t let anyone fall through the cracks.

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Adapting to Manufacturing Disruption: A Strategic Life Sciences Webinar Series

QAD

Life science manufacturers need a r esource, quality and supplier management solution for the journey from pre-approval to IPO. Integrated supplier management: Real-time visibility of supplier performance. Then, you have other questions to consider such as a backup supply source, for both materials and packaging.

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Blockchain has Potential

Enterra Insights

Sharing information with suppliers. Tracking payment information, such as purchase orders. Managing trade documentation. Verifying and monitoring suppliers. Managing supply chain risk. Managing demand and supply planning. Managing inventory. Managing freight transportation.

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Great Career Advice from Industry Leaders!

Supply Chain Game Changer

There is so much to learn in many functions of supply chain, whether it is IT tools, planning and buying, commodities, global supplier management, logistics, warehousing. Every day is about communicating, collaborating, organizing, problem solving, cost and environmental management. Find a mentor. Never forget it.