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The Strategic Importance of Global Procurement

Logistics Bureau

Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.

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Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document

GlobalTranz

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. In part two, Chuck focuses on how to draft your terms and conditions. It Would Benefit Both Procurement and Suppliers To Write in a Clear, Friendly, and Organized Manner.

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Effective Stock Replenishment: Why you need it & how to achieve it

EazyStock

But when looking at the bigger picture the ‘best-price’ is not always the most cost-effective way to procure a product. A smart stock replenishment strategist will understand supply and demand nuances around the items being ordered and consider factors such as: Lead times – how quickly is the order needed?

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ISM 2018: Why procurement matters

247 Customs Broker

My personal theme for this year’s conference is Why procurement matters! It was the headline on our annual procurement issue, which we published in March, and I hope by the exclamation point, rather than a question mark, you get the sense that I really believe procurement matters, and more than ever. About the Author.

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How To Overcome 10 Common E-commerce Shipping Fulfillment Issues

WorkWave

However, there are strategies to lower these shipping costs. If possible, the best way to avoid location issues is to procure multiple warehouses in targeted locations to best serve your consumer base. As an online retailer, you should have several points of contact. Consider: . Items Lost or Damaged During Transit.

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ISM 2018: Why procurement matters – Supply Chain 24/7

247 Customs Broker

My personal theme for this year’s conference is Why procurement matters! It was the headline on our annual procurement issue, which we published in March, and I hope by the exclamation point, rather than a question mark, you get the sense that I really believe procurement matters, and more than ever.

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Here’s The Problem: Your Procurement Driven Transportation Sourcing Process Stinks!

247 Customs Broker

At first, he didn’t like my honest response: “Jim, you’re using a commodity-oriented procurement process for selecting your carriers and third-party providers. Here are four reasons why your own procurement process might not be as good as you think it is. Third, many procurement processes suffer from confirmation bias.