Ship management procurement prospect has changed effectively. Since the early days of faxing over orders and waiting for vendors’ quotations, the internet has been a game-changer. With this, liaising between parties becomes much more efficient. Procurement costs can be substantial owing to the size of the business itself. Even a little change can show a significant difference in operating costs.
Differentiating the Term of Procurement versus Purchasing
Purchasing is defined as the process of buying and accepting goods and services. Procurement, however, is defined as activities to obtain goods and services.Using the PP Organogram, the terminologies of Procurement vs Purchasing are best explained as shown in the diagram below.
Impacts of Digital Transformation
Leaders are aware that it imperatively aims attention on more than merely adopting technologies. A company must be arrayed, acquire the right mind-set for transformation, and have a clear vision of digitalization needs combining with a wide range of digital solutions and technologies segmented into two areas.