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Procurement is concerned with the overall gathering of resources while purchasing and logistics is defined as a business planning framework for the management of material, service, information and capital flows. It includes the increasingly complex information, communication and control systems required in today's business environment.
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What is difference between procurement and logistic?
Procurement is about buying. Logistics is about transporting.
What is the difference between logistics and warehousing?
Actually, warehousing is a subset of logistics, not a separate activity.Warehousing is holding inventory in a location. Logistics is the entire process of obtaining materiel from sources to putting it in the hands of users. Logistics includes transportation, information systems, warehousing and distribution, procurement, finance, performance metrics and so on.
What is the difference between procurement and logistics?
Procurement is the acquisition of appropriate goods and/or services at the best possible total cost of ownership to meet the needs of the purchaser in terms of quality and quantity, time, and location.Logistics is defined as a business planning framework for the management of material, service, information and capital flows. It includes the increasingly complex information, communication and control systems required in today's business environment.
What is the difference between procrument and purchase?
The difference between purchasing and procurement is that to purchase something with currency or money. Procurement is the obtaining of goods and services through a bartering system.
What is the difference between procurement contract and ordinary contract?
A procurement contract specifically pertains to the acquisition of goods or services by an organization, often involving terms that govern the sourcing process, quality standards, and delivery schedules. In contrast, an ordinary contract can refer to any agreement between parties that outlines mutual obligations and terms, not limited to procurement. Procurement contracts typically include detailed specifications and compliance requirements, while ordinary contracts may be more general and flexible in nature. Additionally, procurement contracts often follow specific legal and regulatory frameworks applicable to public or private sector purchasing.
What are 5 types of careers in logistics?
Five types of careers in logistics include supply chain manager, who oversees the entire supply chain process; logistics coordinator, responsible for coordinating and managing the flow of goods; transportation manager, focusing on the movement of products between locations; warehouse manager, who oversees inventory management and storage operations; and procurement specialist, tasked with sourcing and purchasing goods and services for the organization. Each role plays a crucial part in ensuring efficient and effective supply chain operations.
What is the difference between E procurement and traditional procurement?
1. A traditional procurement process is a collection of many processes by interacting with other departments of a company or with the supplier. Whereas e-procurement means electronic procurement or online procurement. 2. Traditional procurement can be done by face-to-face, or via telephone. E- Procurement can only be done through online. 3. Traditional procurement is costly E-Procurement is cost effective.
What is the difference between logistics and transportation?
Logistics focuses on the products themselves. It involves the management of the inflow of goods from the point of procurement to its exit and making it reach its final consumers. While transportation is just the activity part of logistics involving a vehicle to move goods from one destination to another. For example, a multinational company like Total Freight International – TFI provides transportation through land, sea and air routes across the globe.
What is a difference between freight and logistics?
Freight refers to the physical goods being transported from one place to another, while logistics refers to the management of the flow of goods, including transportation, storage, and distribution. Freight is a component of logistics, which encompasses a broader range of activities to ensure effective movement of goods.
WHAT IS DIFFERENCE BETWEEN Buyer I and Buyer II?
The difference between Buyer I and Buyer II typically lies in their level of experience, responsibilities, and decision-making authority within procurement or purchasing roles. Buyer I is often an entry-level position focusing on routine purchasing tasks and assisting senior buyers, while Buyer II usually entails more complex purchasing responsibilities, including strategic sourcing, vendor negotiations, and managing larger budgets. Buyer II may also require a higher level of expertise and experience in procurement processes.
What is the difference between outsourcing and globalization?
Out sourcing is a media between consumers, customers and production unit. Globalization is liberalizing marketing/trade between number of countries.
What is the relationship between production department and procurement department?
The production department and procurement department are closely interconnected within an organization. The procurement department is responsible for sourcing and acquiring the raw materials, components, and supplies needed for production, ensuring that the production department has the necessary resources to operate efficiently. In turn, the production department provides feedback on material quality and availability, which can influence procurement strategies and supplier relationships. Effective collaboration between these departments is essential for optimizing production processes and maintaining cost efficiency.
