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

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

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supply chains lead to improved profit margins.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

SCMDOJO

MARCH 25, 2022

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. Rider (1970)).

Supply Chain Efficiency 132

Supply Chain Efficiency Agile and Lean Supply Chain Logistics Supply Chain Optimization 132

Solvoyo

MARCH 5, 2021

For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on Supply Chain Digital Transformation projects.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 52

IBM Supply Chain Blog

APRIL 4, 2024

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes.

Real-time Visibility 60

Real-time Visibility Management e2e Supply Chain Efficiency 60