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Procurement vs. Purchasing: What’s the Difference?

Logistics Bureau

The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. It could be the after-purchase service or the warranties that you are after.

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Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes.

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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.

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Tailored Import Solutions for High-Volume Clients at DGL

Dedola Global Logistics

Landed Cost Analysis For informed decision-making, a clear understanding of import costs is essential. DGL’s in-depth landed cost analysis provides full visibility into the total cost of your shipments, encompassing tariffs, taxes, and additional fees. Purchase Order Management Efficiency is key in managing your purchase orders.

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How Digitalization of the Purchase Order (PO) Can Save Time and Money

MTS Logistics

To all procurement and logistics specialists, how many of your daily emails pertain to purchase orders? With so many emails there is margin for error due to the manual inputs of the operation. Many companies have not automated this fundamental Purchase Order operation. Specifications on a Purchase Order (PO): PO Number.

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Mobile Warehouse Robotics: Flexible Automation Enables Resilient Operations

Logistics Viewpoints

The ability to adapt automation to changing requirements is increasingly important to warehouse operators due in large part to the rapid and unpredictable change that has been occurring in recent years (even prior to COVID-19). These systems often require a large capital investment with the expectation of operating for multi-year period.

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Analysis on 2021 Container Shipping Delays

ShipLilly

Meanwhile purchasing patterns are continuing to evolve in response to the unique set of circumstances created by the COVID-19 pandemic. Take for example the increased emphasis on the purchase of household goods via e-Commerce platforms. The post Analysis on 2021 Container Shipping Delays appeared first on ShipLilly.

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