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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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MTS Logistics: An Example of Great Customer Service in Shipping

MTS Logistics

The capacity to influence the purchasing experience, engage customers throughout the entire delivery lifecycle, and offer valuable real-time delivery information sets market leaders apart from their competitors. By offering delivery choices and value-added services during the purchase, companies can boost revenue and lower delivery expenses.

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Boston University’s Sourcing Transformation

Logistics Viewpoints

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. For example, he wanted a better way to manage tail spend. This is not a purchase made very often. “I

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Energy Transition in Supply Chain

Logistics Viewpoints

For example, most people expect free next-day delivery for online purchases as a result of Amazon Prime. And more consumers are looking at sustainability as a key motivator for purchasing. Amazon, for example, has purchased over 100,000 Rivian electric vehicles for deliveries.

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The Blurred Lines Between Retail and DTC with Guy Courtin

The Logistics of Logistics

Costco example: they sell different brands and market their brand Kirkland, which now accounts for approximately 25% of their revenue. Over 30% of ecommerce purchases are returned, which is an enormous cost and logistics problem. In the past, there were clear lines between traditional retailers and manufacturers. So, what is Costco?

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Know Your Supply Chain KPIs – Procurement

Logistics Bureau

For example, you might use simple observation to identify visible defects at goods-in, or you could make your analysis a bit deeper by testing a percentage of items received from the supplier. Emergency Purchase Rate. For that reason, the emergency purchase rate KPI is one you should certainly be keeping an eye on.

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Biggest Electric Truck Purchase

Logistics Business Magazine

Global logistics company DSV has signed an agreement with Volvo Trucks to purchase 300 electric trucks, marking one of Volvo’s largest electric vehicle orders. For example, companies like Tesla, Nikola, and Daimler are all developing electric and hydrogen-powered trucks while also working to establish charging networks.