What is purchasing

What is Purchasing: A Cornerstone of Supply Chain Management

In the ever-evolving landscape of modern business, success hinges on effective resource management. Two terms, Procurement and Purchasing, are vital but often confused components of organizational strategy. This guide aims to clarify their distinctions and unlock your organization's potential.

We embark on a journey to demystify procurement and purchasing, using relatable analogies and real-world examples. Our mission is to equip you with the knowledge needed to differentiate between these concepts and take action to enhance your organization's practices.

Explore the pivotal role played by purchasing consultants and managers in architecting streamlined, efficient processes. Join us on this enlightening exploration, where clarity illuminates the path to optimization, and simplicity is the cornerstone of success.

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Sourcing vs. Procurement: What's the difference ?

Sourcing vs. Procurement: what’s the difference?

Sourcing and procurement are two distinct but interconnected functions within the realm of supply chain management. While they both deal with the acquisition of goods and services for a business, there are notable differences between the two.

It’s actually quite important to know the difference between these two terms to make strategic decisions, select and manage suppliers effectively, achieve cost savings, and evaluate risks. Basically, it can optimize your supply chain performance and enhance overall procurement outcomes. Discover the subtleties between the two terms to help you make clear decisions. From the careful selection of suppliers to internal needs management, every step counts.

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find manufacturer product online store

How to Find Manufacturers for your eCommerce products?

Starting an eCommerce business can be an exciting and rewarding venture, but finding the suitable suppliers can be daunting. Your suppliers are critical in ensuring that your products are high-quality and delivered on time, which can directly impact your business's success.

With so many options available, it's important to know how to navigate the supplier search process and find the right partners for your business.

In this blog post, we'll walk you through the key steps to finding suppliers for your eCommerce products, including how to determine your product needs, identify potential suppliers, evaluate and compare suppliers, and negotiate and finalize supplier relationships.

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CORONAVIRUS (COVID-19) IMPACTS

Coronavirus (Covid-19) impacts on import/export business

Coronavirus or (COVID-19)  emerged from Wuhan in China in late December 2019. It spread very fast and in a short time all around the world. Up to this day it has claimed lots of human and economic casualtiesSo what's the impact of this crisis on imports/exports, suppliers, logistic services, SMEs ? how did Covid-19 affect China economy and its trade partners? and finally an effective vaccine for the virus?

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Yiwu market

How to find suppliers from Yiwu Market? [Full Guide]

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the way to find the best supplier

How to find the best supplier?

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is there an alternative to alibaba

Is there an Alternative to Alibaba?

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How a sourcing strategy can rocket your margin

How a sourcing strategy can rocket your margin?

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misconceptions of importers from china

4 misconceptions of importers from China

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everything about shipping costs for importing from china

Everything about shipping costs for importing from China

How does the transport from China to your company work?

When you decide to import products from China, you think that there are not many expenses on transport costs to be made and instead you have to evaluate many other costs that we will present in this article.

To calculate the transport costs you need to know how the transport from China to your company works and the different expenses you will have to do to make the transport.

What are the transport prices from the warehouse to the port?

When we talk about freight charges, we mean the shipping costs from the port of shipment to the port of destination in the buyer's country and are balanced on the local taxes paid in the destination port, but also on the volume and weight of the containers.

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