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Procurement KPIs & Metrics: What To Focus on and How To Measure

Precoro

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

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Supply Chain Optimization Explained

ThroughPut

Powered by data analytics and advanced technologies, every stage of the supply chain can be critically analyzed, starting from procurement to distribution to identify and prioritize improvement opportunities. This opens up avenues to save procurement, transportation, inventory, and warehousing costs.

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Logistics in the Manufacturing Industry: New report highlights 3PL benefits

Kanban Logistics

In this article, we’ll look at the latest reports on manufacturing activity, while showing how a third-party logistics (3PL) provider can offer great logistics benefits within the manufacturing industry. The article and report contain additional positive manufacturing signs, along with some concerning ones. Third-party procurement.

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Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

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How Perpetual Inventory Systems are Transforming Business Operations

RFgen

Perpetual inventory management relies on technology to track inventory with timely data and a high degree of accuracy. Or reduce carrying costs. Or have reliable visibility at all times. Many warehouses hold on to periodic inventory systems because they are perceived as low cost or just the way they’ve always handled goods.

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AI-Driven Supply Chain Decision Intelligence: Making Smarter and Faster Supply Chain Optimization a Reality

ThroughPut

However, decision making is plagued with challenges, and to make things worse, complex and critical decisions are often made by people with severely inadequate information, time, or experience. Businesses, however, need real-time, relevant, and actionable intelligence to effectively manage increasingly complex supply chain networks.

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How to Become DFARS Compliant and Avoid Counterfeit Parts in the Aerospace and Defense Supply Chain

RFgen

We’ll also provide questions and strategies to help contractors improve systems and processes for combatting counterfeit electronic parts in the aerospace and defense supply chain. Permitting contractors to recover costs as a result of their own failure to detect counterfeits was counterproductive to DOD’s goals.