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Procurement vs. Purchasing: What’s the Difference?

Logistics Bureau

You consider, for example, the number of seats you want in the vehicle and whether you want a 4-wheel drive, a sedan, or an SUV. Once you have done that, you move into getting prices on the vehicles. Purchasing: Once you know what you want, you go out and find what you want for the right price. But it’s not only the price.

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9 Barriers to Optimal Inventory and How to Break them Down

Logistics Bureau

Those are the precise questions we’ve set out to answer in this article. For example, you can optimise for cost, profit, or service, but not for all of them. In that case, please read on, as the rest of this article is dedicated to explaining the nine fundamental factors typically contributing to suboptimal inventory levels.

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Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

GlobalTranz

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". Naturally, a supplier relations conflict exists. Contract Negotiation Enhancing Supplier Relations.

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The Freight Forwarder’s Era: The Top Advantages of Working with a Freight Forwarder

MTS Logistics

In this article, we define five advantages that will transform the future of freight forwarding. Well, a freight forwarder negotiates rates on your behalf, knowing the market. This allows more allocation as a booking agent, having prices that are more accessible, too.

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How manufacturers and distributors can re-imagine procurement in the supply chain

SYSPRO Smarter ERP

As a recent article notes: “for procurement to lead the way, companies will want to reimagine not just what the function does but also how it operates and which new capabilities it will need” (McKinsey – Reimagining procurement for the next normal). This meets all their key performance areas. The procurement process.

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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

With that question answered, I’m giving the rest of this article over to highlighting several business and supply chain issues, which, if you are experiencing them in your enterprise, are potent indications that CTS analysis should be on your agenda —for execution at the soonest. We’ll begin with a look at pricing strategy.

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How to Get Your Indirect Spend Under Control

Material Handling and Logistics

Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. This article will look at three major issues that come up time and time again. But I often see companies that have more cutting tools, for example, than they need. Too Little. Too Costly.