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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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Editor’s Choice: Reducing Lead Times with Real-Time Data

Logistics Viewpoints

This article is from Descartes Systems Group and looks at how companies can reduce lead times with real-time data. Lead time in the supply chain is the total time from when a customer order, or purchase order, is placed and when the goods are received. What is lead time? First, let’s define lead time.

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Forecasting trends with aggregated flatbed data

FreightWaves SONAR

Housing starts are calling for lumber kits, industrial purchasers are ordering products for their projects, and construction companies are planning their moves and strategies for the year. Shippers often manage transportation for these projects with historical data, bids from trusted carriers and a lot of guesswork.

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Using data and AI to improve manufacturing

SYSPRO Smarter ERP

What is Machine Learning ML is the computing engine behind AI and gives computers the ability to make sense of, and learn, from data to perform specific tasks without manual interference. Nine areas where AI can help manufacturers There are several ways in which data and AI can be applied in the manufacturing industry. The Industry 4.0

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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. Meanwhile, the purchase somehow takes place, and Sales claims all the glory. and win (or keep!)

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Freight Market Data Sources

FreightWaves SONAR

(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

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Stord Powers a Superior Pre- and Post-Purchase Brand Experience With Order Management Software (OMS) Expansion

Stord

With Stord’s Consumer Experience capabilities, brands can offer a magical experience for their consumers, accelerating online sales and simplifying the purchase process from storefront consideration through product delivery. Other research indicates shoppers are more focused on specific delivery dates rather than simply ‘shipping speed.’

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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.