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PROCUREMENT AND PURCHASING

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PROCUREMENT AND PURCHASING

What is the Difference Between Procurement and Purchasing? Many people use the terms purchasing and procurement interchangeably, but despite their similarities, they do have different meanings. Let’s clarify any confusion on the difference between procurement and purchasing. Procurement involves the process of selecting vendors, establishing payment terms, strategic vetting, selection, the...

Trade Worries Send Stock Markets Plunging from US to Asia

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Trade Worries Send Stock Markets Plunging from US to Asia

HONG KONG (AP) – Fears of a trade war roiled financial markets and sent the dollar wobbling Friday after Beijing retaliated against the Trump administration’s tariff hikes by threatening import duties on U.S. goods. Stocks plunged on Wall Street after U.S. President Donald Trump imposed sanctions Thursday on goods and investment from China. The Dow Jones industrial average dropped...

City of Atlanta Computer Network Hit by Ransomware Attack

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City of Atlanta Computer Network Hit by Ransomware Attack

ATLANTA (AP) – Officials say the city of Atlanta’s computer network has been the victim of a ransomware cyberattack.  Chief Operating Officer Richard Cox told reporters that city officials learned there was an outage affecting various internal and customer-facing applications at 5:40 a.m. Thursday.  He said the outage did not affect the public safety, water departments or Hartsfield...

Humanity

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Can You Imagine? Just before aliens finally visit planet Earth, they decide to watch the Earthling’s mainstream news and try and suss us out. If they did, perhaps they would get the impression that we are…less than friendly beings? Even for us Earthlings, watching the constant stream of negativity pumped out in the ‘news’, we can be left feeling despondent, anxious and with less hope for the...

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