World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

SCMDOJO

OCTOBER 7, 2022

Logistics is the central system that controls physical inventory flow in a supply chain. Key performing attributes signify and monitor the Logistics functioning and create a visibility pattern in the supply chain. The productivity attribute includes the processes and their impact on the supply chain.

Logistics 110

Logistics Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 110

SCMDOJO

DECEMBER 18, 2023

Effective Inventory Control Techniques In the intricate dance of supply chain management, mastering effective inventory control is akin to conducting a symphony of precision. Adjust stock levels based on demand patterns, utilizing inventory control templates to efficiently plan orders and optimize inventory turnover.

Supply Chain Efficiency 63

Supply Chain Efficiency Inventory control Management supply chain budgeting 63

Solvoyo

NOVEMBER 7, 2018

Supply Chain is a core business function tasked to manage multiple business operations such as production, inventory, order fulfillment, and transportation simultaneously. Or to reduce transportation costs, it would have been acceptable to order less frequently and build inventory.

Supply Chain Optimization 40

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 40