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What is the difference between procurement and logistics and sourcing?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
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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 a difference between freight and logistics?
The difference between freight and logistics is their meanings. Logistics manages the flow of goods, while freight refers to goods.
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 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 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 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 difference between captive and non-captive outsourcing with examples?
Captive sourcing refers to sourcing form the firm's own production facilities located abroad ,while non-captive is from different firm facilities
Similarities between public and private procurement?
what are the similarities between private and public procurement
What is the difference between a sourcing firm and a recruiting firm?
A sourcing firm will give the client a list of options to follow to obtain better personnel. A recruiting firm is going to actually do the recruiting to find better employees for clients.
What is the difference between logistics and distribution?
Logistics deals more with planning, information flow, and improving on the ways to get the product to the consumer. Distribution is basically just the process of physically getting the product to the consumer.
