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Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks

ivalua

Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. Procurement vs. Purchasing: What’s the Difference? What is Procurement?

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Amul’s Optimized Supply Chain: Driving Global Growth in the Dairy Industry

Logistics Viewpoints

Direct Procurement : Milk is collected directly from farmers at the village level. Milk Processing : After collection, milk is transported to regional processing plants, where it is pasteurized and packaged. This empowers them to have a stake in the business and share profits. through net-enabled kiosks in the villages.

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Thirteen Years a Blogger

Supply Chain Shaman

Process-based companies continue to focus on manufacturing efficiency (OEE) and discrete on procurement (PPV) without designing the supply chain to balance transportation, manufacturing, and procurement to a balanced scorecard. Functional Metrics and the Lack of Alignment to Strategy. The Lovefest with Shiny Objects.

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Procurement and Supply Chain are Smarter Together – Practical Use Cases

Logistics Viewpoints

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. By aligning supply chain and procurement, spend can be considered more holistically.

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Editor’s Choice: Aluminum Can Shortage Defines a New Normal for Food Packaging

Logistics Viewpoints

Beer and food industries are particularly affected by the shortages of aluminum cans as most customers prefer take-home packaging. The post Editor’s Choice: Aluminum Can Shortage Defines a New Normal for Food Packaging appeared first on Logistics Viewpoints. Continued scarcity and overbuying have led to a perennial shortage.

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The US FDA’s Phase-Out of Synthetic Food Dyes – Supply Chain Impacts & Challenges

Logistics Viewpoints

These changes may also necessitate updates to production processes, packaging formats, and labeling. Companies may need to revise inventory strategies and adjust procurement lead times accordingly. Packaging requirements may also evolve to include light-blocking materials or moisture-resistant designs.

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Surviving the ride: How leading industries are turning tariff challenges into opportunities

Kinaxis

Let’s take a closer look at how four key industries—automotive, consumer packaged goods (CPG), high tech, and industrial manufacturing—are navigating the tariff rollercoaster and adjusting to the shifting landscape. Key takeaway Top challenge: Rising input costs and consumer price sensitivity caused by tariffs on ingredients and packaging.

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