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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 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.
Similarities between public and private procurement?
what are the similarities between private and public procurement
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
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.
