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Sales Order vs. Purchase Order – 8 Key Differences

Procurement Tactics

A business expert or a procurement manager can know the difference between a sales order and a purchase order, but these two documents are the same for many others. That’s why for today, we will explore the differences between the sales order and purchase order and highlight some software commonly used to manage these orders.

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Blanket Purchase Order – Everything You Should Know

Procurement Tactics

For today’s article, we will discuss everything you need to know about the blanket purchase order, including what it is, its importance, how to create one, and when to use it. After this article, you will know the difference between regular and blanket purchase orders and how using this will benefit your organization.

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Supplier Order Management Software – Everything You Should Know

Procurement Tactics

However, with the advancement of technology, businesses now have access to software that simplifies and automate the entire order management process. In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market.

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How to Find the Right Economic Order Quantity

EazyStock

What is Economic Order Quantity (EOQ)? Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Can my warehouse and staff manage more frequent purchase cycles?

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Reducing Obsolete Inventory: A Practical Guide

SCMDOJO

A company can gain a lot by applying the appropriate techniques and significant software usage. Supply Chain Collaboration Solid relationships with suppliers can enhance supply chain visibility. This entire debate depends on robust management systems such as ERP and WMS. Click here!

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Periodic Inventory System — Everything You Should Know

Procurement Tactics

Rather than updating the general ledger account inventory when goods are purchased for resale, accountants record the transaction by debiting a temporary account for purchases. These businesses often rely on manual inventory counting, without the need for accounting software. When to Use it?

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How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Digital Supply Chain Overview! Digital Supply Chain evolve article and permission to publish here provided by Megan R. People often position the digital supply chain as essential for helping today’s businesses succeed. Email Address.