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. Procurement Analyst.

How manufacturers can use ERP to improve the procurement process

SYSPRO Smarter ERP

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies.

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How Cloud ERP can assist manufacturers with their procurement function

SYSPRO Smarter ERP

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing.

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How manufacturers can use ERP to improve the procurement process

SYSPRO Smarter ERP

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies.

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Supply Chain Network Design: The Ultimate Use Cases eBook

Explore the most common use cases for network design and optimization software. This eBook shares how supply chain leaders leverage their supply chain design software to tackle a variety of challenges and questions.

Can ERP support lean manufacturing?

SYSPRO Smarter ERP

Manufacturers are facing a unique set of constraints and efficiency has never been more important to the industry than now. However, manufacturers can only reap those benefits if they implement the right processes to enable this approach and embrace a strategy of continuous improvement.

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ERP for process manufacturing

SYSPRO Smarter ERP

There is a belief that manufacturing is a mechanical process with not much thinking involved. While this is wrong for manufacturing in general it is especially wrong for process manufacturers – companies that produce food and beverages, paints, chemicals, pharmaceuticals, and cosmetics.

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Traceability for manufacturers today

SYSPRO Smarter ERP

Their purchases are often strongly determined by nutritional value, packaging, and shelf-life. The food and beverage industry is the most important player in South Africa’s manufacturing industry, contributing approximately R85 billion a year to South Africa’s manufacturing sector.

How ERP can improve your manufacturing process

SYSPRO Smarter ERP

Manufacturers are heavily reliant on an effective workflow process to meet the requirements for ever changing customer needs, sustaining productivity levels and to thrive through continuous supply chain disruptions. ERP for Manufacturing ERP and Lean Manufacturing Selecting ERP

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Will COVID-19 Lead to More U.S. Manufacturing?

Talking Logistics

Will the COVID-19 crisis lead more companies to manufacture and source their products and materials from the United States instead of China and other countries? Manufacturing? Manufacturing?

How Automation in the Supply Chain Will Make Employees More Strategic & Improve the Overall Supply Chain

Speaker: Adam Robinson, Director of Marketing, Cerasis

In this educational webinar, Adam Robinson from Cerasis, a leading North American Transportation Management Solutions Company, will address how automation in the supply chain is allowing companies to empower their employees with a more strategic work flow aiding in overall collaboration with peers across departments, improved business operations, more efficient manufacturing, a healthier corporate culture, and more visibility to data and processes providing the ability to gain actionable insights that lead towards actions that impact the company’s bottom line.

How manufacturers can enable innovation on the factory floor

SYSPRO Smarter ERP

The past two and half years have certainly brought a variety of challenges and opportunities that have made innovation not just a preference, but essential for manufacturers and distributors to thrive into the future. Optimizing the use of data for manufacturers.

How complacency harms U.S. manufacturers

The Supply Chain Journal

I think everyone would agree that manufacturing represents the best of us – infusing the economy with good jobs, good pay, and a path to a secure future for millions of Americans. Why is it so hard for manufacturers to meet this demand? manufacturing sales.

A Quick Guide to Roles in Procurement

Logistics Bureau

For small companies, it is usually enough to have one person dealing with procurement but in large enterprises teams of people are needed, all with specific roles to play. The Finance Manager , on the other hand, controls the financial input and output of the procurement division.

The drive to onshore Australian manufacturing

SYSPRO Smarter ERP

It’s no secret that manufacturing companies around the world are rethinking their supply chain strategies. One of the ripple effects of the pandemic was that domestic sourcing, where possible, grew as companies could no longer import products for their production line.

How to Prepare Your Supply Chain for Chip Shortages

It will have a long-term impact on all industries, even those that don’t directly relate to the chip manufacturers. This whitepaper covers everything supply chain leaders would need to know about the chip shortage crisis and how manufacturers can tackle this shortage.

Using OEE and MOM with older manufacturing equipment

SYSPRO Smarter ERP

In the first blog on streamlining manufacturing , we discussed how OEE (Overall Equipment Efficiency) and MOM (Manufacturing Operations Management) can improve manufacturing processes. Legacy equipment is part of the manufacturing world.

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How ERP can help manufacturers digitalize

SYSPRO Smarter ERP

Manufacturers are aware they need to modernize to take advantage of what technology can offer. However, technology options are available for manufacturers to use that can help digitalize their operations without the expense (not to mention production downtime) of plant upgrades.

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How manufacturers and distributors can streamline their document distribution process

SYSPRO Smarter ERP

People have been talking about the ‘paperless office’ for decades, but many manufacturers and distributors still have staff members manually printing, posting, faxing, emailing and managing documents that go out to customers. ERP for Manufacturing ERP and Lean Manufacturing ERP and Technolog

ERP for Medical Device Manufacturers Part 2

SYSPRO Smarter ERP

Those manufacturers who are still using legacy or customized computer systems will find it difficult to make the necessary changes. Integration of design and manufacturing. Many manufacturers use a CAD/CAM system for design and engineering control.

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The State of Data and Insights in Healthcare Logistics

This report, produced by Worldwide Business Research, explores the progress companies have made toward supply chain digitization and logistics maturity.

How Australian manufacturers can achieve the net-zero deadline

SYSPRO Smarter ERP

Most manufacturing companies are working on what a low carbon future means for their business with the urgency to cut global CO2 emissions in half by 2030 and strive for a net-zero by 2050. We know that the manufacturing industry is the engine of economic growth and social impact.

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

SYSPRO Smarter ERP

Procurement in manufacturing companies is often not done correctly. Current procurement focus. What this response shows is that they do not fully understand the impact procurement has on stock. The procurement process. Sourcing. Procuring.

How manufacturers can monetize data

SYSPRO Smarter ERP

Data is a crucial component of digital transformation in the manufacturing sector. Many manufacturers aren’t maximizing the value from enriching data and missing out on opportunities to grow, optimize or manage risk. Manufacturers can satisfy customers in new and innovative ways.

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How ERP can enable supply chain sustainability for Australian manufacturers

SYSPRO Smarter ERP

In today’s global economy, Australian manufacturers must transition to a more sustainable and ethical business environment if they want to stay profitable. The impact of ESG for manufacturers. Manufacturers can make informed and better business decisions through accurate real-time data.

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Sourcing Parts Faster With Digital Manufacturing

Supply Chain Brain

The emergence of e-commerce for ordering parts has made the experience as easy as buying a book or toaster on Amazon.com, enabling supply chain managers, product designers, engineers and others to carry out the process quickly and on demand

How to improve quality management in your manufacturing business

SYSPRO Smarter ERP

The consequences of quality control errors at your manufacturing plant can be huge, potentially resulting in rework, product redesign, recalls, and dissatisfied customers. As a result, you can quickly pinpoint the source of problems and template targeted solutions.

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Flatbed Demand and Challenges for Construction and Manufacturing

Trinity Logistics

However, industries facing high flatbed demand, like construction and manufacturing, are seeing more difficulty than others. Flatbed capacity seems even more challenging because of the continued demand in construction and manufacturing.

How To Reduce Manufacturing Waste

Compactor Management Company

Manufacturing and distribution facilities are constantly looking for new ways to manage their waste. In comparison to other industries, managing waste in manufacturing units is more complex since certain elements impede the process. Be efficient with your manufacturing process.

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Top 3 challenges facing manufacturers and how to overcome them

SYSPRO Smarter ERP

The manufacturing industry confronted many uncertainties in the last year due to the pandemic. The pandemic has led to many shifts in manufacturing including new challenges to overcome. We live in a time where we can purchase almost anything with a click of a button.

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3PL Solutions for the Manufacturing Industry

Trinity Logistics

The manufacturing industry faces several challenges with their logistics. Laws and regulations in the manufacturing industry are always fluctuating. There are many moving parts in the manufacturing supply chain and each part is very specific.

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Manufacturing Operations Management (MOM) and the inflection point for digital manufacturing

SYSPRO Smarter ERP

When the COVID-19 pandemic hit, some of the challenges it posed to manufacturing and distribution were new. I grew up in manufacturing. My family owned a manufacturing operation, so I experienced firsthand the challenges that mid-market manufacturers face.

How electronics manufacturers can use ERP to address industry challenges

SYSPRO Smarter ERP

The electronics industry has experienced dramatic changes on the customer and supplier side in the last 18 months – from sudden purchasing changes by customers to shortages of parts and components from suppliers. Manufacturing systems.

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ERP ROI for the manufacturing and distribution CEO

SYSPRO Smarter ERP

The pandemic pushed manufacturers and distributors to rapidly shift gears, from addressing work-from-home policies to managing extreme swings in demand and uncertain supply chains. ERP offers end-to-end visibility of all key elements from financial, inventory to operations and sourcing.

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Additive Manufacturing Use Cases Go Beyond Prototyping

Logistics Viewpoints

Additive manufacturing use cases, by definition, are not defined by the technology itself, but rather the value they create within an organization. Additional suitable components for metal additive manufacturing, that could prove economically beneficial, have also been identified.

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How manufacturers and distributors can address supply chain management challenges

SYSPRO Smarter ERP

Unless manufacturers change, they will find that their ability to forecast demand, and determine what to do to meet it, will be challenging. It seems that manufacturers found it much quicker and cheaper to increase inventories than build regional factories.

How can ERP benefit the manufacturing & distribution CFO?

SYSPRO Smarter ERP

Over the last decade, the role of the manufacturing and distribution CFO has undergone a profound shift. Here’s ERP ROI for the manufacturing and distribution CFO: 1. Ongoing supply chain disruptions have allowed manufacturing and distribution businesses to shift operations and adapt.

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How Southeast Asian manufacturers can use ERP to realign the supply chain

SYSPRO Smarter ERP

For decades, ASEAN manufacturing, once seen as a global phenomenon, had been overshadowed by the meteoric rise of Chinese factories. percent of global manufacturing output and was regarded as the world’s manufacturing superpower.

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How manufacturers can respond to supply chain disruptions

SYSPRO Smarter ERP

This also includes delays in local manufacturing as well as inflationary pressures due to escalating costs because of the increased fuel prices – increases are already at 10% and shipping is about 30%. Supply Chain Management and ERP ERP and Lean Manufacturing ERP systems

Techniques for an Effective Global Sourcing Strategy

SIPMM Professional Publications

Global sourcing refers to seeking goods and services beyond one’s borders, i.e., from the global market. It is a procurement strategy in which companies try to find the most cost-efficient place globally for manufacturing goods. According to purchasing and procurement professionals, companies should be able to source both inside and outside their national borders. Publication Procurement