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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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Buy vs. Build: Should You Purchase Software or Create Your Own?

Parade

That’s not to say that it doesn’t take time to get to the point where you can use a purchased software in operations; it takes time to implement, integrate, test, and train staff to work with new programs. With software, that overrun can be costly, , according to McKinsey. In-house builds have no such luxury.

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5 examples of the black swan theory

Logistics at MPEPS at UPV

Today we are going to find out what the black swan theory means, how it affects the economy and the society overall and several examples of how the black swan events have changed the words. In 2011, thanks to Nexon in Asia and King in the West, free games with in-game purchases began to develop rapidly.

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Energy Transition in Supply Chain

Logistics Viewpoints

For example, most people expect free next-day delivery for online purchases as a result of Amazon Prime. And more consumers are looking at sustainability as a key motivator for purchasing. Amazon, for example, has purchased over 100,000 Rivian electric vehicles for deliveries.

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Sustainable Manufacturing for Sustainable Supply Chains

Logistics Viewpoints

Scope 2 emissions include all indirect emissions from the generation of the electricity purchased and used by an organization at local or international sites. The first example was the Planetary Equilibrium Tee , which was a collaboration between the North Face and Spiber.

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Transactional vs. Relational Purchasing for your Apparel Brand

Apparel Logistics

Billions of purchases are made around the world every day. These purchases fall into two major categories: transactional and relational. Read on to understand the differences between these purchases and what they mean for your organization. Understanding Transactional Purchases.

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Know Your Supply Chain KPIs – Procurement

Logistics Bureau

For example, you might use simple observation to identify visible defects at goods-in, or you could make your analysis a bit deeper by testing a percentage of items received from the supplier. Emergency Purchase Rate. For that reason, the emergency purchase rate KPI is one you should certainly be keeping an eye on.