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.

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

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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?

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.”

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.

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.

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.

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.

ExxonMobil Purchases Stake in Biojet to Expand Biofuel Portfolio

NGT News

The post ExxonMobil Purchases Stake in Biojet to Expand Biofuel Portfolio appeared first on NGT News. ExxonMobil is expanding its interests in biofuels that can help reduce greenhouse gas emissions in the transportation sector, acquiring a 49.9%

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

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.

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

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.

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.

New York State Augments EV Purchasing Program for Consumers with $12 Million

NGT News

More than $12 million has been added to the Drive Clean Rebate program to help consumers save up to $2,000 on the purchase of an electric vehicle (EV) and $2.7 The post New York State Augments EV Purchasing Program for Consumers with $12 Million appeared first on NGT News.

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.

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. It’s a question as old as software itself.

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 […].

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

Merchants Fleet Commits to Purchasing 5,400 BrightDrop Commercial EVs

NGT News

The post Merchants Fleet Commits to Purchasing 5,400 BrightDrop Commercial EVs appeared first on NGT News.

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.

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.

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.

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.

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.

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

Ballard Secures Module Purchase Order for Fuel Cell-Electric Buses

NGT News

Ballard Power Systems, a developer and manufacturer of fuel cell products, has received purchase orders from Solaris Bus & Coach S.A., The post Ballard Secures Module Purchase Order for Fuel Cell-Electric Buses appeared first on NGT News.

California County Purchases Beam Global’s Off-Grid EV Charging System

NGT News

The system was purchased through the California Contract #1-18-61-16, which simplifies the procurement process and ensures best pricing. The post California County Purchases Beam Global’s Off-Grid EV Charging System appeared first on NGT News.

Heniff Transportation Set to Purchase 100 Trucks from Thompson Truck Centers, Nikola

NGT News

The post Heniff Transportation Set to Purchase 100 Trucks from Thompson Truck Centers, Nikola appeared first on NGT News. Heniff Transportation Systems LLC has reached an agreement to initially acquire 10 Nikola Tre BEV trucks from Thompson Truck Centers, a member of the Nikola Corp.

Key Provisions to be Negotiated in a Construction Purchase Contract

SIPMM Professional Publications

The post Key Provisions to be Negotiated in a Construction Purchase Contract appeared first on SIPMM INSTITUTE. Construction contracts are complicated documents that try to balance the needs of many different parties involved in a project. Contractors face much uncertainty when delivering on their contract responsibilities, so it is important to design contracts that are fair in allocating risk. While every clause in a construction contract is important to review, there are […].

Descartes continues customer-driven acquisition strategy with GreenMile purchase

The Supply Chain Journal

On Tuesday, Descartes ( NASDAQ:DSGX ) announced it has added another strategic acquisition to the list with its purchase of GreenMile, a cloud-based mobile routing solution with a deep customer base in food and beverage including Coca-Cola ( NYSE:KO ), Pepsico Inc.

How Digitalization of the Purchase Order (PO) Can Save Time and Money

MTS Logistics

To all procurement and logistics specialists, how many of your daily emails pertain to purchase orders? Many companies have not automated this fundamental Purchase Order operation. Automation of purchase orders is an important first step to a digital transformation.

Bulk Freight Purchasing Platform

Material Handling and Logistics

Basin Commerce has introduced Conduit, a quoting and operations engine for buyers and sellers of raw materials

How To Save Money With Fuel Purchase Routing

United World Transporation

According to industry experts, fuel purchases can account for approximately 25% of a trucking company’s operating expenses. What is fuel purchase routing? How do you calculate the best fuel purchase route?

Amazon Looks to Reduce Emissions with Purchase of CNG Trucks

NGT News

The post Amazon Looks to Reduce Emissions with Purchase of CNG Trucks appeared first on NGT News. With a recent order, Amazon Inc.

Workhorse Receives its Largest Purchase Order from Pride Group Enterprises

NGT News

an American technology company focused on providing sustainable drone-integrated electric vehicles to the last-mile delivery sector, has received a purchase order for 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises, a Canadian- and U.S-based, Workhorse Group Inc.,