What is a Purchase Order? [FREE Template]
A purchase order (PO) is the official confirmation of an order. This document is sent from a purchaser to a vendor in order
Sourcing Strategies
Sourcing Strategies
8 Types of Inventory Defined
Inventory can be defined as the array of finished goods or goods used in production. These goods are either stored in-house or in
Supply Chain Management
11 Disruptive Logistics Start-Ups Shaking Up Supply Chain
Yes, every new business is a startup, but when we refer to startups today we typically mean that the company shows a lot
Industry Insights
Were the Ancient Egyptians the First Procurement Professionals?
How did the role of the procurement become what it is today? The history of this profession seems to stem all the way
Sustainability
Where does Sustainability Fit into the Supply Chain?
By Grace Alexander Sustainability in the supply chain is more than waste reduction and reducing the carbon footprint, it’s about a lateral shift
Supply Chain Management
The Intelligent Supply Chain Reboots Every Link in the Traditional Model
By Poornima Apte Any retailer who must liquidate inventory or any original equipment manufacturer (OEM) who has had to battle the loss in
Regulation
The Impact of U.S. Import Tariffs on the Availability of Electronic Components
By Grace Alexander The mid-2018 announcement that increased tariffs would be instituted on a range of imported materials from China sent instant shock
Supply Chain Management
Procurement Goes Far Beyond Managing Spends
When we think about procurement, we think of purchasing parts and managing spends. But procurement far surpasses that role. In reality, procurement leaders
Industry Insights
How Does a Government Shutdown Affect Supply Chain?
While the United States can rest a little easier now that the White House calmed nerves by informing us that the Internal Revenue
Industry Insights
Definition of Procurement
Procurement is the process of finding, agreeing terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.