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

NOVEMBER 17, 2023

Click here to access the course: How to Start a Career in Supply Chain Management? Navigating the Path to a Supply Chain Career The first crucial step is to decide which aspect of supply chain management aligns with your interests. Leaders need to be change catalysts, attuned to the emotional landscape of their teams.

Agile and Lean Supply Chain 71

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 71

The Procuretech Podcast

OCTOBER 3, 2022

People often jump on a new technology without thinking about the bigger picture of change management. But it's not going to create value without a plan on how that fits your business. . You can implement the best technology but with poor change management it will fail. We are seeing some changes here.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Demand planning capabilities. Efficient warehouse management.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221