March, 2021

Women on Starting and Succeeding a Supply Chain Business

Women on Starting and Succeeding a Supply Chain Business

Why Supply Chain? What was the attraction? We have Suuchi Ramesh, Founder and CEO of Suuchi Inc., to answer these types of questions. Watch the video below: Editor’s Note: This post was originally published on January 26, 2021, under the title “Women on Starting and Succeeding a Supply Chain Business” on Logistics Bureau’s website. Best Regards,Rob O’ByrneEmail: robyrne@logisticsbureau.comPhone: +61 417 417...

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Why Should You Benchmark Your Supply Chain?

Why Should You Benchmark Your Supply Chain?

BENCHMARKING is recognized as one of the best ways of improving business performance. In this episode, you will understand why you should benchmark your supply chain and how you should do it effectively. Watch this: Related articles on this topic have appeared throughout our websites, why not check them out? Robobyrne: How to Benchmark Your Supply Chain Supply Chain Secrets: Distribution Center & Warehouse Operations Benchmarking with John Monck Benchmarking Success: The What, Why, How of Supply Chain Benchmarking Dawson Consulting: Why Supply Chain Benchmarking Matters for Small Businesses Logistics Bureau Group: 3 Benefits of Transportation Fleet Benchmarking in Logistics Companies Editor’s Note: This post was originally published on January 20, 2021, under the title “Why Should You Benchmark Your Supply Chain?” on Logistics Bureau’s website. Best Regards,Rob O’ByrneEmail: robyrne@logisticsbureau.comPhone: +61 417 417...

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5 Biggest Supply Chain Levers for 2021

5 Biggest Supply Chain Levers for 2021

Suppose you want to fix up your supply chain business and make the whole thing more efficient. What do you think you need to work on specifically? Watch the video below as we take you to the 5 Areas of Supply Chain—that if you focus on, you would likely get the maximum benefits.  Benchmarking Cost to Serve Customer Service Distribution Network Design Inventory – S&OP Supply Chain Transport Trends Videos Editor’s Note: This post was originally published on January 13, 2021, under the title “5 Biggest Supply Chain Levers for 2021” on Logistics Bureau’s website. Best Regards,Rob O’ByrneEmail: robyrne@logisticsbureau.comPhone: +61 417 417...

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2021 Supply Chain Focus & Beyond

2021 Supply Chain Focus & Beyond

What is the future of Supply Chain? What should we focus on 2021 and beyond? Watch this: Editor’s Note: This post was originally published on January 06, 2021, under the title “2021 Supply Chain Focus & Beyond” on Logistics Bureau’s website. Best Regards,Rob O’ByrneEmail: robyrne@logisticsbureau.comPhone: +61 417 417...

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Procurement vs. Purchasing: What’s the Difference?

Procurement vs. Purchasing: What’s the Difference?

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 Procurement: If you’re going to buy a new car, you usually decide what you want before you step out into the street. You consider, for example, the number of seats you want in the vehicle and whether you want a 4-wheel drive, a sedan, or an SUV. Then you start looking at all the manufacturers and what they have to offer. Once you have done that, you move into getting prices on the vehicles. The first part, where you are doing research into the industry, that’s procurement. It’s understanding how much you want to spend, the type of car you want, and how many seats you need. It’s looking at what’s available on the market, the different suppliers, what their products are like, whether it matches your needs—it is not actually buying the product. Purchasing: Once you know what you want, you go out and find what you want for the right price. But it’s not only the price. Sometimes it’s the service capability of the dealership. It could be the after-purchase service or the warranties that you are after. But all of those things become purchasing as opposed to procurement. Note: Sometimes in smaller businesses, procurement and purchasing might be the same thing. The Link between Procurement and Purchasing I would suggest that purchasing is a subset of procurement, in as much as procurement serves to guide the purchasing process. A purchasing manager or purchasing officer typically won’t buy anything unless the contract has been set up by procurement, so in that way procurement and purchasing are linked. Sometimes they are decentralised—an operations team may look after purchasing if they’re talking about widgets or something like that, but if you are talking about something more indirect, like travel, that may be governed by a centralised body. In a small business, usually, it’s going to be a senior person or a director saying, we’re going to buy our widgets from this supplier, and negotiate the supply and prices and so on, and then an admin person or someone in purchasing actually does the buying. Procurement typically has the authority on behalf of the business to engage with suppliers to make deals. The person who...

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