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9 Innovative Purchasing Concepts

Una

9 Innovative Purchasing Concepts for Procurement Implement various innovative purchasing concepts to ditch the old-school way of doing things and bring your procurement function up to speed. Article Procurement and Purchasing Professionals Procurement Strategy

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Procurement vs. purchasing vs. sourcing differences

RPF360

Others say purchasing. The post Procurement vs. purchasing vs. sourcing differences appeared first on RFP360. When you’re buying for your business, what do you call it? It seems like an easy question, but there are a lot of terms that refer to this process.

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Sustainable Purchasing — The Ultimate Guide

Procurement Tactics

Sustainable Purchasing — The Ultimate Guide. Sustainable purchasing might be a term that many people are not familiar with. However, this kind of purchasing is important, especially in the supply chain. . In this article, we will talk about what sustainable purchasing is.

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Purchasing Group — Everything You Should Know

Procurement Tactics

Purchasing Group — Everything You Should Know. You may have a hint of what purchasing group is due to its name. In this article, we will discuss what purchasing group is. We will check how it differs from purchasing organizations. What is a Purchasing Group?

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Making the Case for Investment in Your Company's Sustainable Purchasing Program

Whether you are just launching a sustainable purchasing program or looking to expand and strengthen your current efforts, you’ll need the support of multiple diverse stakeholders. Discover what procurement leaders have to say about how they learned to best make the case for sustainable purchasing as a critical element of overall organizational strategy.

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Purchase-to-Pay Performance Study

ivalua

The post Purchase-to-Pay Performance Study appeared first on Ivalua

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Whole Foods pauses purchasing of Maine lobster

Supply Chain Dive

The grocer is pulling the seafood due to a change in third party verifications and ratings from the Marine Stewardship Council and the Monterey Bay Aquarium Seafood Watch program

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What is a Blanket Purchase Order and How it Works

SCMDOJO

Blanket Purchase Order Definition. A blanket purchase order is a simple way for many buying and finance directors to streamline the procurement process and enhance operational efficiency. Are Blanket Purchase Orders Contracts? However, not all contracts are purchase orders.

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Why purchasing internal controls matter

Fraxion

Achieving purchasing control is challenging for organizations, large or small, without adequate visibility or technology to guide and inform spending behavior. Purchasing

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Ivalua Supports the Digitalization of Tchibo’s Indirect Purchasing Process with its Source-to-Contract Solution

ivalua

Ivalua, a global leader in spend management , today announced that Tchibo, one of the largest coffee roasters in the world, has chosen Ivalua and its partner Capgemini to digitize Source-to-Contract (S2C) for its indirect purchasing of goods and services. Redwood, CA, 14 November, 2022.

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Church’s Texas Chicken hires new purchasing head

Supply Chain Dive

Joining the chain is Will Cash, who brings procurement and supply chain leadership experience from other quick-service restaurants

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The Basics of Group Purchasing

Una

The Basics of Group Purchasing. Discover the basics of group purchasing and the benefits of working with a group purchasing organization to develop a comprehensive procurement strategy. The basics of group purchasing. Benefits of a Group Purchasing Organization.

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In what ways has purchasing evolved over the past 40 years?

Procurement Insights

EDITOR’S NOTE: Join me in a great conversation on LinkedIn regarding purchasing’s evolution since the 1983 seminal Harvard Business Review article “Purchasing Must Become Supply Management” by Peter Kraljic. 30 Commentary procurement purchasing supply managemen

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Centralized and decentralized purchasing, understanding the differences

Fraxion

PurchasingOrganizations have several functions, from accounting, sales, marketing, customer service, and production to development, among other departments.

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Overcoming Black Friday purchasing and warehouse challenges

EazyStock

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes.

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Streamline Automotive Purchasing Processes with AI

Arkestro

Automotive purchasing has been a hot topic in recent years. Predicting trustworthy suppliers Empowering embedded platforms, like Arkestro , to predict which suppliers and prices are the best for specific purchase orders while circumventing time-consuming approval processes.

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Owning the Post-Purchase Experience

Supply Chain Brain

Ensuring customers enjoy a frictionless post-purchase experience, from delivery through return, is crucial if omnichannel retailers are to satisfy buyers, retain customers and drive repeat purchase

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How to Use Group Purchasing as a Cost Reduction Strategy

Una

How to Use Group Purchasing as a Cost Reduction Strategy. For most of us, 2020 was no time to purchase a new car or book a future trip to Disneyland. How to Use Group Purchasing as a Cost Reduction Strategy. Benefits of a Group Purchasing Organization.

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CMA CGM purchases two terminals in New York, New Jersey

Supply Chain Dive

If the deal clears, the ocean carrier would own seven terminals in the U.S. and gain a critical foothold at the nation’s top East Coast gateway

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A Guide To Working With A Purchasing Consultant

Procurement Freelancers

The emphasis has… The post A Guide To Working With A Purchasing Consultant first appeared on Procurement Blog | Procurement & Supply Chain News. Procurement Systems purchasing consultantIn the last decade, the function of procurement has undergone tremendous transformation.

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Why Use Purchase Orders (POs) in Your Bookkeeping?

SCMDOJO

And that’s no other than a purchase order. It’s hard to ignore how important Purchase Orders (POs) are to growing retail businesses. But what exactly is a purchase order , and why do CPAs need one? What Is a Purchase Order? Purchase order number.

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Arval: Optimizing Purchasing Needs

ivalua

The post Arval: Optimizing Purchasing Needs appeared first on Ivalua

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Definition, Difference between Purchase Requisition and Purchase Order

TYA Suite

Purchase requisition and purchase order are simply interdepartmental forms which serve the purpose of handling the accounting and finances better. involves purchase requisition and purchase order. What is a purchase requisition? What is a purchase order?

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Buying Group vs Group Purchasing Organization

Una

Buying Group versus Group Purchasing Organization. In the procurement and sourcing world, there are several terms that seem to be used interchangeably when attempting to increase buying power and save money: buying group, group purchasing organization, purchasing cooperative, purchasing group.

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8 Reasons to Join a Group Purchasing Organization

Una

8 No-Brainer Reasons to Join a Group Purchasing Organization. 8 Reasons to join a group purchasing organization. We may be biased, but we’d like to add one more important no-brainer to this list: joining a group purchasing organization (GPO).

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Inmar Intelligence and Doddle Launch Inmar Post-Purchase Solutions

Supply Chain Brain

Ann-Marie Daugherty, executive vice president and president of supply tech with Inmar Intelligenc e, talks about the company's e-commerce post-purchase partnership with Doddle

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A complete guide to the purchase requisition process

Fraxion

The very first step in the purchasing process; the creation and submission of a purchase requisition. This step is the foundation of any spend management strategy and having a defined purchase requisition process in place sets the tone for how effective your organization will be in managing purchasing. The importance of establishing a purchase requisition process, however, is often underestimated and elicits many questions. Purchasing

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3 Easy Steps to Automate the Purchase Order System on Orderhive

Orderhive

The post 3 Easy Steps to Automate the Purchase Order System on Orderhive appeared first on Cin7 Orderhive. Purchase Order Software

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Unlocking Opportunity in the Post-Purchase Ecosystem

Supply Chain Brain

More e-commerce means more returns — in fact, according to the latest industry figures, online sales are up 32%, while returns from online purchases are up 148

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Purchasing problems: 10 common challenges every purchasing manager faces

Procurify

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . Technological advancements are also rapidly changing the responsibilities of purchasing managers. . Risk management and mitigation is a primary purchasing challenge today.

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Unlocking Opportunity in the Post-Purchase Ecosystem

Supply Chain Brain

Understanding customer expectations, improving their experience and implementing the right reverse logistics systems will increase shopper loyalty and prevent profit-margin erosion

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Purchase Order Funding & Financing: A Comprehensive Pocket Guide

Procurify

In order to float and not sink in the current business environment, companies may need financing solutions to deliver purchase orders. Thus, when a company lacks liquidity, purchase order financing can help. The importance of purchase orders. What is purchase order financing?

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Make a Few Considerations When Hiring a Purchasing Consultant

Procurement Freelancers

Everyone understands that for an organization or activity to be profitable, exceptional individuals must be… The post Make a Few Considerations When Hiring a Purchasing Consultant first appeared on Procurement Blog | Procurement & Supply Chain News.

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Procurement vs Purchasing: What’s the Difference?

Procurify

Many people use the terms procurement and purchasing interchangeably. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. What is purchasing? Creation of a purchase order. Submit a purchase request.

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CBA: Record purchases for machinery and equipment

PASA (Procurement and Supply Australasia)

Purchases for assets including forklifts (up 49 per cent), trailers (up 37 percent), cranes (up 26 per cent) and trucks (up 13 percent) topped the list. The post CBA: Record purchases for machinery and equipment appeared first on Procurement and Supply Australasia.

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Ivalua Partners with OMNIA Partners, a leading Group Purchasing Organization (GPO), to Boost the Purchasing Power of Organizations

ivalua

OMNIA Partners combines the purchasing power of its members to enable better pricing and service levels from suppliers, increasing an organization’s buying power and accelerating the time to savings.

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Why should 2023 be the year we finally drop the word “purchasing” from our industry vocabulary?

Procurement Insights

In July 2008 and then again in June 2022, I wrote, “ Why is the question regarding the difference between procurement versus purchasing still a thing? ” In much the same way that we use the words “adviser and advisor” interchangeably, the underlying message of this article, from my standpoint, makes a case for “retiring” the word purchasing. Commentary procurement purchasing

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How does your electronic purchasing and invoicing system stack up?

PASA (Procurement and Supply Australasia)

Go to top The path to digitising your invoicing systems and processes begins with purchasing. Shifting away from manual PO processes will improve your ability to track the flow from purchases to invoices and save your team time they could spend on other high-value tasks. .

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Struggling with bespoke purchases?

Claritum

Problems can arise when bespoke requirements are purchased directly by employees throughout the organisation or just “passed through” by overworked buyers who have no time to deal with the suppliers. Resulting in higher purchase costs, errors and inefficiencies.

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Tips To Consider For Sourcing A Purchasing Consultant

Procurement Freelancers

One organization dealing with many others for products and services is what you refer to… The post Tips To Consider For Sourcing A Purchasing Consultant first appeared on Procurement Blog | Procurement & Supply Chain News. Procurement Systems purchasing consultant

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Five Cs for Optimizing the Post-Purchase Customer Experience

Supply Chain Brain

Retailers coping with the rapid acceleration of e-commerce have a fantastic opportunity to improve their competitive position using new technological tools for customer engagement

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Computer Buyers Curtail Purchases After Pandemic Splurge

Supply Chain Brain

The lull in purchasing has worsened throughout the year as high inflation, rising labor costs and recession fears have triggered a reassessment of procurement budgets

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Procurement and purchasing: What's the difference?

Fraxion

Procurement and purchasing are terms that are often used interchangeably when describing how a business acquires goods and services. However, both terms refer to two distinctly different functions that focus on short and longer-term goals. Procurement