Remove Document Remove Meeting Remove Purchasing Skills
article thumbnail

Boston University’s Sourcing Transformation

Logistics Viewpoints

Facilities sourcing and construction contracting were centralized in the procurement department. Once that requisition is approved, it becomes a purchase order. If the invoice matches the purchase order, it is posted in SAP, and the payment is made automatically without any paper or human touch. There was also a realignment.

article thumbnail

Eight Essential Documents That Are Key to Shipping

MTS Logistics

On the other hand, you also need to know and understand the rules and regulations of exporting and importing, and crucially, you need the proper shipping documents. However, most documentation is still handled manually in some countries. Pro Forma Invoice. Commercial Invoice. It is the official proof of sale. Packing List.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

SYSPRO Smarter ERP

With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges. They have a contract with a supplier who delivers on time, and who charges acceptable prices.

article thumbnail

Optimizing Supply Chain Transparency with Digital Product Passports

Logistics Viewpoints

These passports document all aspects of the life cycle – from the sourcing of raw materials to final disposal or recycling. As a result, DPPs are emerging as a straightforward, common sense solution for meeting these needs efficiently. Why DPPs Matter Consumers today expect transparency about the products they purchase.

article thumbnail

5 Ways Shippers And Suppliers Can Maintain A Great Relationship

Blue Grace Logistics

Companies have the right to receive the best service and the best price from their suppliers, and the relationship between shippers and suppliers is a key component to a successful partnership. It is important to value the options based on variables such as: Price. Select Your Supplier Carefully. Payment conditions.

article thumbnail

How manufacturers can use ERP to improve the procurement process

SYSPRO Smarter ERP

As manufacturers strive to reduce costs while increasing speed, the process of procuring materials, making products, and moving them where they need to be is more complex than ever. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

article thumbnail

Vendor Managed Inventory Model for Supply Chain Cost Reductions

GlobalTranz

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. Complete one-on-one meetings.