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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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A Quick Guide to Roles in Procurement

Logistics Bureau

For small companies, it is usually enough to have one person dealing with procurement but in large enterprises teams of people are needed, all with specific roles to play. The Finance Manager , on the other hand, controls the financial input and output of the procurement division. How Large Procurement Teams Operate.

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Hilarious Sourcing Videos

NC State SCRC

I had an opportunity to watch some hilarious sourcing videos recently that I discovered on a sourcing blog by Citro Strategy. The video takes the viewer through some of the typical arguments used by procurement, applied in a consumer setting.

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Top Apple Procurement Executive Departing After Allegations of Inappropriate Remarks

Supply Chain Matters

Bloomberg, citing informed sources, reported today that Apple’s senior most procurement executive is leaving the company after a viral TikTok video provided an off-color statement in an attempt of humor. After the video was posted, it reportedly garnered over 1.3 Added Thoughts. All rights reserved.

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Video: Oracle Procurement Cloud

Oracle SCM

Hear customers at CyraCom International, Transit Wireless, and Rancon Group describe how they are using Oracle Procurement Cloud to control employee spending, streamline their procure-to-pay cycle, source more effectively, and reduce supplier risk. Click here.

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Responsible Sourcing Insights

SCM Research

Sedex is a nonprofit organization dedicated “to driving improvements in ethical and responsible business practices in global supply chains” Their new six-part “Responsible Sourcing Insights Films” series tackles key challenges in responsible supply chain management.

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The Real Answer to Procurement Burnout

LevaData

In 2023, burnout continues to be a hot topic for supply chain and procurement professionals. This has caused industry leaders to ask, What is the real answer to procurement burnout? Since the pandemic, several industry leaders have shared their tips and tricks for alleviating procurement burnout. Their suggestions?