Browsing All posts tagged under »supply chain savings«

Is There a Difference Between Purchasing and Procurement? (A PI Q&A)

July 21, 2008


Network Member Question As far as I know, sometimes the terms “purchasing” and “procurement” can be used as the same meaning.  But in many cases it seems that both have different boundaries or meanings.  So what is really the meaning behind the terms? Kurt Binh Owner, SCM Vietnam – Supply Chain and Logistics Consulting Viet […]

Bridging the Communications Gap Between Finance and Purchasing

January 31, 2008


  A May 4th, 2006 article titled How to Speak Like a CFO, stressed that “Too often, finance executives in Corporate America simply don’t believe that purchasing departments are really bringing in the savings they claim.  That may be because financing and purchasing don’t speak the same language.” A December 20th, 2007 article shows that […]