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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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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. With software, that overrun can be costly, , according to McKinsey. In-house builds have no such luxury.

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5 examples of the black swan theory

Logistics at MPEPS at UPV

Today we are going to find out what the black swan theory means, how it affects the economy and the society overall and several examples of how the black swan events have changed the words. In 2011, thanks to Nexon in Asia and King in the West, free games with in-game purchases began to develop rapidly.

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This Week in Logistics News (November 25 – December 1)

Logistics Viewpoints

The top gifts were clothes and accessories, which about half of those surveyed purchased, and toys, which nearly a third of people surveyed bought. And now on to this week’s logistics news. million through the Food Supply Chain Guaranteed Loan Program to purchase mobile racking equipment for its cold storage facility.

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Energy Transition in Supply Chain

Logistics Viewpoints

However, sustainability in logistics goes well beyond these initiatives, especially when we begin to look at energy transition. Logistics providers contribute to the total picture of sustainability for many organizations, and they are clearly falling short. A recent ARC survey looked at reasons to address sustainability.

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Navigating the Challenge of Dwell Time in E-commerce Logistics

Stord

Customer satisfaction hinges on more than just the quality of the products purchased; it's also deeply influenced by the efficiency and reliability of the delivery process. When customers hit 'purchase,' they're not just buying a product; they're buying an experience — one that includes a swift and smooth delivery process.”

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Reimagining Logistics: Focusing on What’s Ahead, Not What Happened

Logistics Viewpoints

Challenges drive dramatic shifts in supply chain and logistics. Across many of our industries, conventional wisdom about best practices for supply chain operations and logistical networks is being challenged. Hallmarks of successful logistics transformation.