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Procurement vs. Purchasing: Similar but Different

Precoro

Purchasing? 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.

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Consumers Are in Charge of the Digital Path to Purchase

Enterra Insights

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. With all generations getting more comfortable on the digital path to purchase, most retailers have adapted to this new reality and are pursuing omnichannel strategies.

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Resilinc Launches Predictive Purchase Order (PO) On-Time Delivery Solution

Resilinc

Predictive analytics tool leverages AI to identify how a supplier will perform by analyzing past events and on-time delivery data. We’re pleased to announce the launch of our Predictive Purchase Order (PO) On-Time Delivery solution.

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ToolsGroup Ranked Top in Three FeaturedCustomers Award Categories

ToolsGroup

FeaturedCustomers is the leading customer success content marketing platform for B2B business software and services, helping potential B2B buyers make informed purchasing decisions through vendor-validated content. ToolsGroup earned a Market Leader award in the category. See ToolsGroup’s listing on FeaturedCustomers here.

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7 key skills for successful supply chain and procurement negotiation

Procurement Academy

For procurement professionals, it’s a core skill that’s essential to be well practiced in. Modern e-learning training solutions such as scenario-based training videos, simulations and gamification has made the task of training employees and improving negotiation skills less complex. Negotiation is key to business success.

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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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What is Inventory Management Software and How Does It Work?

Unleashed

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. This article explains what inventory management software is, how it works, and how much inventory management software costs to set up and operate. How does inventory management software work?