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.

Overcoming Black Friday purchasing and warehouse challenges

EazyStock

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes.

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VoIP Advantages and Disadvantages – What to Know Before Purchasing VoIP

Cyzerg

Before purchasing and implementing a VoIP phone system in your business, it is important to understand its advantages and disadvantages. To help you easily acquire that knowledge, we have created this short article that details VoIP’s features, benefits, and drawbacks. Information Technology

What is Procurement v Purchasing

Logistics Bureau

In this 8-minutes video, Trent Morris will answer these following questions that are certainly very helpful for those confused between the difference of Procurement and Purchasing. What’s the difference between Procurement and Purchasing?

Prove ROI and Make the Business Case for Industrial Content Marketing

Speaker: Achinta Mitra, Founder and President, Tiecas Inc.

It's the plight of an industrial marketer: over the course of a 12-18 month long buying cycle, you make contact with a whole host of influencers who read your content, who may or may not actually work in purchasing. By the time the RFQ comes in, the original project might be completely different. and your initial point of contact may be long gone! Meanwhile, the purchase somehow takes place, and Sales claims all the glory. How is a marketer supposed to make the business case for better content marketing? Join Achinta Mitra, Founder and President of Tiecas, Inc, as he explains how, despite the long, grueling buying cycle, you can prove the ROI of your content marketing. and win (or keep!) buy-in from your higher-ups.

Online parts purchasing still makes sense

Fleet Owner

Fleets preferred to order their parts online during the pandemic, and subsequent supply chain issues have kept them from turning back to brick-and-mortar suppliers as they might have otherwise. Perspectives / IdeaXchange

Alectra Purchases 73 Additional HydraGEN Units Following dynaCERT Pilot Program

NGT News

has resulted in the purchase of an additional 73 dynaCERT flagship HydraGEN Technology Units. Alectra has purchased a total of 88 units. “As The post Alectra Purchases 73 Additional HydraGEN Units Following dynaCERT Pilot Program appeared first on NGT News. dynaCERT Inc.’s

Communication still key in truck lease-purchase agreements: TEL exec

The Supply Chain Journal

Sheri Aaberg didn’t waste any time delivering one of her key points in a presentation about lease purchases in a workshop Sunday at the annual meeting of the Truckload Carriers Association in Las Vegas. The title of the session was “Lease Purchasing: An Innovative Playbook.”

U.S. GSA Awards Purchase Deal to EVgo, OSC~WEBco for Fleet EV Charging Solutions

NGT News

GSA Awards Purchase Deal to EVgo, OSC~WEBco for Fleet EV Charging Solutions appeared first on NGT News. Electric Featured blanket purchase agreement electric electric vehicles EV EVgo Inc. EVgo Inc.,

Owning the Post-Purchase Experience

Supply Chain Brain

Ensuring customers enjoy a frictionless post-purchase experience, from delivery through return, is crucial if omnichannel retailers are to satisfy buyers, retain customers and drive repeat purchase

Automated Order Processing and Proactive Inventory Management

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align. Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization. This is especially important for new product releases, in store programs or promotions (sales, end caps, PDQ. etc) or online promotions (company run or 3rd party). Depending on total supply chain lead time, not having real time visibility and analysis of this information can significantly affect sales and the bottom line.

Key Stages for Purchasing Aerospace Parts

SIPMM Professional Publications

Purchasing is a highly complex hierarchical procedure with targets that reach a long way past the conventional conviction that purchasing essential job is to acquire products and ventures because of inward needs.

Purchasing Tips with Trent Morris – What People Get Wrong

Logistics Bureau

Procurement - Purchasing - SRM Purchasing Videos Collaboration compliance cost efficiency price purchasing quality supply chainWhat people get wrong? They always focus on price. Tip: Understand what the requirements of the business are.

Sysco to purchase up to 800 Freightliner eCascadias

Fleet Owner

The purchase is part of Sysco’s goal to electrify 35% of its fleet by 2030. The first battery-electric Class 8 is expected to arrive at Sysco’s Riverside, California, site later this year. Refrigerated Transporter / Refrigerated Vehicles & Equipment

Walmart Purchases 4,500 Canoo EVs for Last-Mile Deliveries

NGT News

Walmart has signed a definitive agreement with Canoo, a high-tech advanced mobility company, to purchase 4,500 all-electric delivery vehicles, beginning with the lifestyle delivery vehicle (LDV), with the option to purchase up to 10,000 units.

Point-of-Danger ICE Raids and Audits

Speaker: Max Muller, Attorney and Author

Supply chain managers should constantly be on guard against forces that could cause a significant point-of-failure in or to their supply chains. The sudden loss of a workforce is an evolving danger to those who provide raw materials, subassemblies, finished goods, and/or necessary services to supply chains; and to entities requiring those items or services. Join Max Muller for this timely, fast-paced and guidance rich webinar that will educate you on the specific steps involved in undertaking your own internal audit, as well as providing you with guidance on what your major and/or sole source suppliers should do as well.

Zeeba Purchases Commercial Electric Vehicles from ELMS

NGT News

ELMS) has received a firm purchase order from Zeeba Vans, a Los Angeles-based mobility company, for 50 ELMS Urban Delivery vans with the intent to purchase hundreds more in 2022. The post Zeeba Purchases Commercial Electric Vehicles from ELMS appeared first on NGT News.

Canada Implements Tax Write-Offs, Incentives for EV Purchases

NGT News

To encourage more sales, the Canadian government has implemented tax write-offs and purchase incentives to prospective buyers of electric vehicles (EVs) and EV chargers. The post Canada Implements Tax Write-Offs, Incentives for EV Purchases appeared first on NGT News.

Negotiating Essential Clauses for Purchase Contracts

SIPMM Professional Publications

The post Negotiating Essential Clauses for Purchase Contracts appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Contract negotiation does not necessarily equate to getting the cheapest price.It can also be in terms of quality or service etc.

Cargo Transporters purchases terminal in South Carolina

Fleet Owner

Dry freight hauler's newly acquired terminal in Anderson, South Carolina, will add 40 truck driving jobs to the FleetOwner 500 carrier's workforce.

5 Essential Pieces of a Prospecting Solution

As organizations chase new revenue targets, B2B sales leaders must examine cutting edge prospecting solutions that proactively help reps identify, connect with, and close qualified buyers faster. This eBook aims to help B2B sales leaders better understand the five essential features your prospecting solution must include.

Key Stages for Purchasing Heavy Equipment Parts

SIPMM Professional Publications

Practically there is no one-size-fits-all purchase process. The post Key Stages for Purchasing Heavy Equipment Parts appeared first on SIPMM INSTITUTE. Some organizations require a formal process to suit their complex environment, which is often the case in government or education. In those industries, vendors must comply with strict guidelines. Others, for enterprise businesses like heavy machinery parts, require a few key steps in an effort to manage budgets […].

Inmar Intelligence and Doddle Launch Inmar Post-Purchase Solutions

Supply Chain Brain

Ann-Marie Daugherty, executive vice president and president of supply tech with Inmar Intelligenc e, talks about the company's e-commerce post-purchase partnership with Doddle

Computer Buyers Curtail Purchases After Pandemic Splurge

Supply Chain Brain

The lull in purchasing has worsened throughout the year as high inflation, rising labor costs and recession fears have triggered a reassessment of procurement budgets

Zeeba Purchases 3,000 Canoo Delivery, Lifestyle EVs to Leasing Fleet

NGT News

Canoo and a national fleet leasing provider Zeeba have signed an agreement for Zeeba to purchase 5,450 American-made electric vehicles (EV), with an initial binding commitment of 3,000 units through 2024.

Key Factors for Purchasing Semiconductor Components

SIPMM Professional Publications

Realistically there is no one factor that weighs over another factor when it comes to purchasing. In the case of purchasing semiconductors, the buyer needs to do an in-depth research for the best possible timing to purchase the materials/components for […]. The post Key Factors for Purchasing Semiconductor Components appeared first on SIPMM INSTITUTE. It is a collective issue that ties together, that leads from one factor to another.

Unlocking Opportunity in the Post-Purchase Ecosystem

Supply Chain Brain

More e-commerce means more returns — in fact, according to the latest industry figures, online sales are up 32%, while returns from online purchases are up 148

Emterra Purchases First Mack Trucks Electric Refuse Vehicle for Fleet

NGT News

The post Emterra Purchases First Mack Trucks Electric Refuse Vehicle for Fleet appeared first on NGT News.

Transit Agency Finalizes Wireless Charger Purchase

NGT News

WAVE, a subsidiary of Ideanomics and a high-power inductive charging solution provider for medium- and heavy-duty vehicles, has finalized a large, multi-million-dollar purchase order from the Antelope Valley Transit Authority (AVTA) for 28 additional wireless charging systems.

Grocery Giant Lidl Purchasing Container Ships Amid Supply Chain Issues

MTS Logistics

In the midst of supply chain issues, grocery giant Lidl has indicated that it will be purchasing container ships. There is no indication that Lidl expressed interest in, or purchased, cleaner, zero-emissions ships.

Ohio Transit Authority Purchases Additional NFI Battery-Electric Buses

NGT News

The post Ohio Transit Authority Purchases Additional NFI Battery-Electric Buses appeared first on NGT News. The Central Ohio Transit Authority (COTA) has exercised options for eight battery-electric Xcelsior CHARGE NG 40-foot heavy-duty transit buses from NFI Group Inc.’s

Hertz, Polestar Partner on Global Purchase for EV Adoption

NGT News

Hertz and Polestar, the Swedish premium electric performance car maker, has launched a new global partnership that includes purchasing up to 65,000 electric vehicles (EV) over five years. The post Hertz, Polestar Partner on Global Purchase for EV Adoption appeared first on NGT News.

AEP Ramps Up Light-Duty EV Purchases

NGT News

American Electric Power (AEP) says it will accelerate its electric vehicle (EV) purchases with the goal of replacing 100% of its 2,300 cars and light-duty trucks with EV alternatives by 2030. The post AEP Ramps Up Light-Duty EV Purchases appeared first on NGT News.

Zeem Purchases 100 Nikola Tre Battery-Electric Trucks for EV Depot Fleet Offerings

NGT News

Zeem Solutions, a zero-emission electric vehicle (EV) fleet-as-a-service provider, has executed a purchase order for 100 of Nikola Corp.’s The post Zeem Purchases 100 Nikola Tre Battery-Electric Trucks for EV Depot Fleet Offerings appeared first on NGT News.

Five Cs for Optimizing the Post-Purchase Customer Experience

Supply Chain Brain

Retailers coping with the rapid acceleration of e-commerce have a fantastic opportunity to improve their competitive position using new technological tools for customer engagement

Piedmont Natural Gas Purchases S.C. CNG Fueling Station

NGT News

Piedmont Natural Gas has purchased a compressed natural gas (CNG) fueling station in Greer, S.C., The post Piedmont Natural Gas Purchases S.C. from Spire CNG Inc.

Unlocking Opportunity in the Post-Purchase Ecosystem

Supply Chain Brain

Understanding customer expectations, improving their experience and implementing the right reverse logistics systems will increase shopper loyalty and prevent profit-margin erosion

As Online Purchases Surge, Logistics Workers Need Physical Support

Material Handling and Logistics

It’s already time to start planning for the biggest end-of-year logistics challenges. Labor Management

Making a perfect purchase match

Fleet Owner

The best way to ensure matching is a combination of e-invoicing, supplier portal and a cloud-based approval workflow solution

Share Purchase Focuses on Advancing Hydrogen Refueling System

NGT News

The post Share Purchase Focuses on Advancing Hydrogen Refueling System appeared first on NGT News. PowerTap Hydrogen Capital Corp. has acquired a 49% ownership stake in Aberdeen International Inc.’s s AES-100 Inc.